Gas Prices Rise to &#36;1.85/gallon: Survey
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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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NEW YORK  - For the second consecutive year, the rise in gas prices was the most interesting news story in the United States, according to a poll released Wednesday.
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Average retail gasoline prices rose by nearly 5 cents and are poised to rise further as those who make, distribute and sell gasoline see their profit margins squeezed, according to an industry analyst.
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The average price of a gallon of  gasoline in the United States rose 1 cent to an all-time high  over the past three weeks, but absent a supply-affecting force  majore, prices could fall dramatically in the coming weeks,  according to the latest nationwide Lundberg survey.
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The effect of high crude oil prices continued to pinch consumers at the pump, with the average cost for gasoline rising 4.9 cents to the highest level in 14 months and diesel fuel soaring 6.3 cents to match the record set two years ago, the government said on Monday.
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WASHINGTON &#151; Oil prices charged toward $50 a barrel yesterday, and gasoline prices surged to $1.92 a gallon last week, as petroleum output in the Gulf of Mexico returns at a slower-than-expected rate after Hurricane Ivan, and geopolitical unrest keeps traders on edge.
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U.S. crude prices rose to another new record on Thursday, rising 25 cents to &#36;47.52 a barrel on evidence that high prices are not hurting world oil demand growth.
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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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The average U.S. retail price of gasoline fell slightly over the last two weeks to about &#36;1.86 a gallon, restoring a trend of declines after a modest increase late last month, according to the nationwide Lundberg survey of about 7,000 gas stations released on Sunday.
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U.S. average retail gasoline prices  are again approaching $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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Crude oil prices were up $1.72 at $45.90 per barrel in afternoon trading on the New York Mercantile Exchange. Heating oil futures rose by 7.08 cents on Friday to $1.452 per gallon.
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U.S. retail gasoline prices  increased for the first time in four weeks, as higher crude oil  costs were apparently passed on to consumers at the pump, the  government said on Monday.
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Producer prices surged 3.2 percent  in November, the biggest rise in 34 years, on a record rise in  gasoline prices, the Labor Department said on Thursday.
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September 17, 2004 -- Consumer prices rose only 0.1 percent in August, led by a decline in gas and car prices, according to a report released by the Labor Department on Thursday.
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Gas prices fell nearly 3 cents per gallon over the past two weeks, reversing a trend that saw the price rise about 18 cents since early September, a national survey said Sunday.
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U.S. drivers could again face &#36;2 a gallon gasoline now that crude oil has topped a record &#36;50 a barrel, government experts said on Tuesday.
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The average price for a gallon of  gasoline in the United States rose about 6 cents over the past  three weeks on higher global oil prices and capacity reductions  at two refineries in the Midwest, an industry analyst said on  Sunday.