To head yet higher as rising crude costs not completely passed along, observer says
The average price for a gallon of gasoline in the United States rose nearly 12 cents in the past three weeks to about $3.51, due in part to higher prices for North Sea crude oil, according to the nationwide Lundberg Survey.
The national average for a gallon of regular gasoline rose 11.57 cents to $3.5101 as of February 10, the survey of about 2,500 gasoline stations in the continental United States found.
That was a greater change than the 3.5-cent rise in the previous survey, which covered the two weeks that ended January 20.
Survey editor Trilby Lundberg told Reuters that the higher prices came as the price for North Sea Brent crude rose more than $7 per barrel. Brent prices are more volatile and sensitive to changes in the Middle East than is U.S. crude.
One barrel holds 42 gallons.
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Maybe Obama should take over the oil industry.... we will never get out of this recession if gas keep at this level or higher
ReplyDeleteThis article is saying $3.51, but at the stations I passed this morning coming to work it was $3.54 per gallon. Blink...it will go up another nickle by morning.
ReplyDeleteGas prices usualy come down right before an election.
ReplyDelete