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U.S. average gas prices rise 14 cts to $2.74/gal-survey
 NEW YORK, Jan 10 (Reuters) - The average price of a gallon of gasoline in the United States rose 14 cents in the last three weeks to their highest level in more than a year, reversing a decline that began in November, an industry analyst said on Sunday.The national average for self-serve, regular unleaded gasoline was nearly $2.74 a gallon on Jan. 8, up from nearly $2.60 on Dec. 18, according to the nationwide Lundberg survey of some 5,000 gas stations. The latest gasoline price increase tracked a corresponding 22 cent-per-gallon rise in crude oil, said survey editor Trilby Lundberg. She added that the newest national average was nearly 96 cents per gallon higher than a year ago, and the highest since late October 2008. She said the increase in crude prices was due more to investors' fear of inflation and a flight to safe havens, rather than an increase in demand. Posted by: Steve White 2010-01-11 |
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