Crude prices turned lower Tuesday on a strengthened dollar and a report showing increased output from Saudi Arabia and OPEC, while gasoline reached another record high average that stretched above the $4-a-gallon threshold.
Falling oil prices and rising bank stocks boosted the Dow industrials and helped the broader market trim losses Tuesday afternoon, after Fed chair Bernanke's comments on inflation sparked a broader selloff in the morning.
A rally in bank stocks and a retreat in oil prices helped the Dow gain Tuesday afternoon, but the broader market was mixed after Fed chair Bernanke implied the central bank will soon start raising interest rates to help curb inflation.
As much as Americans fret over the rising price of gas, one thing worries them more: the possibility of having to wait in long lines to buy rationed gas.