Latest Business News: 3-cent Spike in Gas Prices May Signal Short Period of Increases

Wochit 1:02 mins

National gasoline prices recently spiked by 3 cents a gallon, an unusual one-day jump that many energy experts say probably signals at least a week or two of higher prices at the pump as the summer driving season picks up. Gasoline prices have been rising, mainly as a result of higher global crude prices that have been gaining because of Egyptian and Nigerian unrest. Shares of several Boeing suppliers fell after a fire broke out aboard a Dreamliner 787 aircraft parked at London's Heathrow airport, recalling a series of previous fires that had grounded Boeing's most advanced jet for months. The on-again, off-again sale of Hulu is off again. The parent companies of ABC, NBC and Fox said that they would stay owners of Hulu, while providing a cash infusion of about $750 million to ensure future growth.

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