Gas Hits 4-Month High of $1.99/gallon
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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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The US nationwide price for gasoline rose closer to $2 a gallon over the last week and diesel fuel hit a new record high for the second week in a row, the government said on Monday.
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Oil prices hit a one month-high of $47 a  barrel on Tuesday as China showed no let-up in its strong  import growth and traders worried that U.S. petroleum  inventories had drawn down heavily due to Hurricane Ivan.
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"Further Turkish military efforts against the PKK rebels keeps the geopolitical pot boiling in that oil flows from Iraq could potentially be disrupted"  LONDON * Oil rose to a one-month high above $96 a barrel yesterday ahead of a US government report expected to show crude inventories in the world's top consumer fell for a sixth straight week. via The Peninsula
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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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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.
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The U.S. nationwide price for  gasoline rose closer to $2 a gallon over the last week and  diesel fuel hit a new record high for the second week in a row,  the government said on Monday.
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The average US 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 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.
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Oil prices jumped more than 3 percent  on Tuesday to a one-month high of $99 a barrel as expectations  that OPEC will keep production tight spurred supply concerns.
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Gasoline prices have jumped above $3 a gallon in some parts of California and Hawaii, and may hit that level other parts of the country when the busy summer driving season approaches. "It kills me," said Gloria Nunez, 53, as she filled her Ford Explorer SUV at a San Jose gas station. Nunez, a clerk for a communications company, has started working a couple hours of overtime each week to help soften the blow.
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LONDON - Oil prices hit $47 a barrel yesterday, the highest level in a month, as China showed no let-up in its strong import growth and US Gulf producers reported damage to offshore rigs from Hurricane Ivan.
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Gas prices rose a nickel during the past two weeks, to an average of $2.80 per gallon of self-serve regular, a national survey said Sunday.
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A. With history as a guide, it&#39;s not unreasonable to expect gas to be cheaper in winter months. Instead, the average retail price nationwide is just below $1.95 a gallon.
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The average U.S. retail price of  gasoline rose more than 5 cents in the past two weeks to more  than $2 a gallon, its highest level since June, a leading  industry analyst said on Sunday.
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Watch out at the gas station this weekend. Oil and gasoline prices bounced back up this week. Crude oil prices neared $49 a barrel Friday, capping a rise of 7 percent for the week, as
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The average price of a gallon of gasoline has spiked 5 cents over the past two weeksin the United States, a national survey said Sunday.