Gasoline prices have surged to a record nationwide average of $3.07 per gallon, nearly 20 cents higher than two weeks earlier, oil industry analyst Trilby Lundberg said Sunday, May 6th.
The previous record was $3.03 per gallon on Aug. 11, 2006.
But despite inventory fears that have sent prices higher, there are signs that the rising prices at the pump may be peaking.
Just two weeks ago, the U.S. average for a gallon of regular gas was $2.87, but the Lundberg Survey of 7,000 stations nationwide on Friday showed an increase of about 19.5 cents to $3.07. That's up 88.4 cents since Jan. 19, Lundberg said.
The nationwide average for mid-grade gasoline was $3.18 and premium was $3.28. -Neftegaz.ru
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
