Gasoline prices hit short-term peak
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U.S. retail gasoline prices have hit a short-term peak and drivers could see a further decline of 5 cents to 10 cents a gallon at the pump this month, the government's top energy forecaster said on Monday.
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Gasoline prices last week came within a half penny of tying the modern era's inflation-adjusted record set in March 1981, the Energy Department said yesterday.
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U.S. crude futures soared to a record  &#36;75.40 per barrel on Wednesday amid a rally in gasoline prices.
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Oil industry analyst Trilby Lundberg said the national average price for a gallon of regular gasoline was $1.88, an increase of a half-cent in the past two weeks.
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Gasoline prices in metro Detroit and Michigan rose notably in the past week, but lower futures prices for crude oil and gasoline on Monday suggested the worst might be over for drivers.
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U.S. average retail gasoline prices are again approaching &#36;2 a gallon, reaching a four-month high amid record high crude oil prices and the effects of Hurricane Ivan, a leading industry analyst said on Sunday.
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Gas prices jumped more than 5 cents a gallon in the past two weeks, largely because of supply problems related to Hurricane Ivan, an industry analyst said Sunday.
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The price of gas inched up just over 2 cents a gallon around the nation in the past two weeks.
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U.S. retail gasoline prices jumped 5.5 cents over the last week to their highest level in six weeks, the government said on Tuesday.
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The average weekly retail price for  U.S. gasoline topped $2 a gallon to reach the third-highest  level ever recorded by the government, the Energy Department  said on Monday.
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U.S. average retail gasoline prices over the last two weeks rose for the first time in nearly three months and could edge higher, according to an industry analyst.
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The average US retail price for regular-grade gasoline rose 4.2 cents the past week to $2.035 a gallon and diesel reached a record as crude oil rallied to an all- time high.
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U.S. retail gasoline prices rose to  the highest level in more than a month and diesel fuel costs  increased for the first time in three weeks, the Energy  Department said on Tuesday.
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U.S. average retail gasoline prices rose over the last two weeks as storms temporarily shut  down oil production and refineries along with Gulf Coast, an industry analyst said on Sunday.
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U.S. retail gasoline prices jumped almost a nickel over the last week to the highest level in a month as tight motor fuel supplies threatened to send pump costs higher, the government said on Tuesday.
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The average weekly retail price for U.S. gasoline topped &#36;2 a gallon to reach the third-highest level ever recorded by the government, the Energy Department said on Monday.
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Gasoline prices are heading up, ending an unusual period in which they were falling even as oil prices rose.