Oil Up More Than 20% in Past Six Months

Senior Vice President Chris Keith has the market analysis for Tuesday, July 3. We saw drops in the Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite for the day. The latest news on June auto sales showed dealers on pace to sell 16.8 million new vehicles nationwide this year. Oil prices ended the day a little lower, but the cost per barrel is up more than 20% for the past six months. Similarly, gas prices are off the peak seen a few weeks ago yet are still $0.70 a gallon higher than last year.