US Gasoline Prices Vault to New 7-Year High

Prices of regular gasoline in the United States have risen to a new seven-year high, according to new data from AAA, as elevated crude prices and an uptick in gasoline demand put upward pressure on prices at the pump. As of Nov. 8, the national average price for a gallon of regular gasoline in the United States rose to a seven-year high of $3.422, up slightly from the previous day’s average of $3.421 and a penny more than the week-ago average of $3.402, according to AAA. Last week, gasoline demand rose from 9.32 million barrels per day to 9.5 million barrels per day, AAA said, citing recent data from the Energy Information Administration (EIA). “The slight increase in demand has contributed to price increases, while elevated crude prices continue to put upward market pressure on pump prices,” AAA said in a note. A separate analysis from Lundberg Survey found that the …

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By Kelly Sanchez

All you guys are warned: Be aware of Granma!

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