Gasoline prices rise to about $2.81/gallon
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The average retail price of a gallon of gasoline in the United States cost about 6.5 cents more last week, rising for the first time since early July on the back of higher crude oil prices, an industry analyst said on Sunday.
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CAMARILLO, Calif. Gasoline prices are dropping, thanks to an increase in the supply of crude oil. The semimonthly Lundberg Survey finds the combined national average price for all grades of gasoline is now two dollars and four cents.
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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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More cars than light trucks were sold in the U.S. last month, as gasoline prices nationwide soared to more than $3 a gallon.
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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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U.S. average retail gasoline prices  rose more than 6 cents a gallon in the last two weeks, but  further increases are likely to be modest in the short term  unless OPEC cuts production again, according to an industry  analyst.
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The average U.S. retail price of  gasoline rose slightly over the last two weeks to almost $1.88  a gallon -- the first increase reported since late May,  according to the nationwide Lundberg survey of about 8,000 gas  stations.
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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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Oil prices charged toward $50 a barrel Monday, 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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US 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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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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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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The average price of a gallon of gasoline in the United States rose slightly over the past three weeks and could push higher because much of a rise in crude oil has not been passed on to consumers, an 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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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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Gasoline prices have jumped 33 cents a gallon across the United States over the past month and are expected to climb still higher at least through March, according to the AAA automobile club.
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The average US retail price of gasoline fell 2.67 cents in the past two weeks, its first decline since early September due to increased crude oil production, a leading industry analyst said on Sunday.