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US Gasoline Prices Rise To Almost $3.32/Gallon
By Mr Ethanol | April 7, 2008
Reuters UK:
The average price for a gallon of gasoline in the United States rose 5.26 cents to a record high in the last two weeks, and an industry analyst said retail prices would keep rising amid refinery cost increases.
The national average for self-serve, regular gas was $3.3171 a gallon on April 4, according to the nationwide Lundberg survey of about 7,000 gas stations. This was 53 cents higher than a year ago and compares to a March 21 record of $3.2645.
Survey editor Trilby Lundberg said prices would keep rising along with crude oil and ethanol prices as refiners pass on the costs of mandated spring reformulations of gasoline.
“The essential causes are strong crude oil prices, dramatically higher ethanol prices and seasonally rising gasoline demand,” without any year-to-date gasoline demand growth compared with last year, Lundberg said. More.
Topics: Gas, Negatives, News, Prices |
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