Published July 25, 2009, 07:53 AM
Pump prices rising despite gasoline glut
NEW YORK (AP) — Retail gas prices are increasing around the country even though U.S. supplies have swelled for six weeks in a row.
NEW YORK (AP) — Retail gas prices are increasing around the country even though U.S. supplies have swelled for six weeks in a row.
Pump prices rose the final three days this week, including a half cent Friday, to a new national average of $2.47 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. A gallon of gas is still more than 20 cents cheaper than it was a month ago, and it’s priced at a major discount to last year, when the national average was above $4.02.
But with so much unused gasoline in storage, analysts said prices should be heading even lower.
Tags: us business, business, energy, gas, prices
More from around the web
RSS Feeds