Mexican Media Brands
U.S. Fuel Prices Rise 19 Cents in Two Months
The average price of standard-grade gasoline in the U.S. has climbed to $2.42 per gallon, up 19 cents since the beginning of the year, AAA says.
#economics
Share
The average price of standard-grade gasoline in the U.S. has climbed to $2.42 per gallon, up 19 cents since the beginning of the year, AAA says.
Today’s average is 10 cents below the year-ago level, according to the insurance and travel company. Current averages range from a high of $3.29 per gallon in California and Hawaii to a low of $2.17 in Arkansas and Missouri.
AAA says prices are rising because of shrinking stocks and growing demand as the winter driving season ends. Fuel prices are likely to continue climbing for the next few months as refiners conduct seasonal maintenance and adjust for warm-weather blends.
RELATED CONTENT
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.
-
Is The V8 Dead?
Tougher fuel economy standards may be the end of most V8s.