The average U.S. retail price rose 13 cents over the past two …
This Feb. 23, 2012, file shows gasoline dripping from a nozzle at gas station, in Lake Oswego, Ore. (AP Photo/Rick Bowmer, File)
This Feb. 23, 2012, file shows gasoline dripping from a nozzle at gas station, in Lake Oswego, Ore. (AP Photo/Rick Bowmer, File)
A bipartisan state transportation commission says the state …
The price of oil jumped by over a dollar on Wednesday, to above…
Updated: Monday, 26 Mar 2012, 10:42 AM CDT
Published : Monday, 26 Mar 2012, 10:42 AM CDT
NEW YORK (AP) — The price of gasoline is less than a dime away from last year's high.
At an average of $3.90 per gallon, Americans have never paid more at this time of year and prices are expected to keep climbing with two months remaining before the traditional kickoff of the summer driving season.
Prices peaked last year in May at an average price of $3.98 per gallon. The all-time record is $4.11, set in July 2008 as the economy went into a tailspin.
Gasoline prices have risen this year along with the price of crude oil. Benchmark U.S. crude is up by 8 percent already. A barrel added another 7 cents to reach $106.93 Monday.
Natural gas prices are close to a 10-year low at $2.22 per 1,000 cubic feet.
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