Published

Fuel Prices in U.S. Continue to Climb

Average gasoline prices in the U.S. rose to $2.64 per gallon on Labor Day, their highest for the year to date, says AAA.
#economics #labor

Share

Average gasoline prices in the U.S. rose to $2.64 per gallon on Labor Day, their highest for the year to date, says AAA.

The national average was at $2.21 per gallon a year ago. The all-time high of $4.11 occurred in July 2008.

Monday’s average was 25 cents higher than on Aug. 25. That was the day Hurricane Harvey smashed into the Gulf Coast, home to half the country’s oil refining capacity. Analysts say roughly one-third of U.S. output was disrupted by the slow-moving storm.

At the state level, fuel price averages began this week within a range from $2.51 in Virginia to $3.11 in California, AAA reports.

RELATED CONTENT

  • On The German Auto Industry

    A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.

  • Ford’s $42 Billion Cash Cow

    F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.

  • On Global EV Sales, Lean and the Supply Chain & Dealing With Snow

    The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future

Gardner Business Media - Strategic Business Solutions