The average U.S. price of regular-grade gasoline is up 10 cents a gallon (3.8 liters) over the past two weeks, to $2.44.
Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that the jump follows a rise in crude oil costs.
Lundberg says the price at the pump is 15 cents lower than it was a year ago.
The highest average price in the nation is $3.38 a gallon in the San Francisco Bay Area.
The lowest average is $2.03 in Baton Rouge, Louisiana.
The average price of diesel rose 3 cents over the past two weeks, to $3.04.
Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike – fragile!
— Donald J. Trump (@realDonaldTrump) February 25, 2019
(AP)
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One Response
1. The US is finally energy independent, so higher prices don’t hurt our economy (though it redistributes from users to producers).
2. Venezuela would love to export more oil, as would Iran. The US won’t let them.
3. If the US build pipelines from the new oil producing areas (in the north central states), it would lower the cost of oil products in the US, while also helper the producers (who would use safe and inexpensive pipelines rather than trains to transport oil).