Oil rises, but gas is still falling - Spokane, North Idaho News & Weather KHQ.com

Oil rises, but gas is still falling

SPOKANE, Wash. - Crude oil futures have rebounded after a government report showing a jump in industrial output.

Light, sweet crude for January delivery rose $1.62 to $59.22 on the New York Mercantile Exchange.

At the gasoline pump, drivers are seeing more numbers that they like. Auto club AAA says the national average for regular unleaded has dipped below $2.09 a gallon. That's down about a dollar a gallon from a year ago and down more than $2 a gallon from the peak in mid-July.

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