Gas prices take another jump in Tulsa overnight

While you were sleeping gas prices in Tulsa jumped 15 cents at most Tulsa area convenience stores.

The price at the pump is now $3.69 a gallon for regular unleaded, up from $3.54 on Thursday.

Oil prices rose above $97 per barrel on Thursday, but then gave up most of their gains in late trading.

Prices were also boosted by reports showing more private-sector hiring and fewer unemployment claims in the U.S.

Positive economic news tends to boost oil prices, because traders anticipate that stronger economies will need more oil.

Oil prices were also supported by a report from the Energy Information Administration that showed U.S. crude supplies dropped by more than analysts expected last week. Hurricane Isaac interrupted deliveries of oil imports and refinery activity along the Gulf Coast.

Benchmark U.S. crude reached as high as $97.71 per barrel on the New York Mercantile exchange. However, in late trading, enthusiasm cooled. Oil ended the day at $95.53, up just 17 cents.

The Associated Press contributed to this report