Gasoline Prices Creep Up Again

Before you go, we thought you'd like these...
Before you go close icon

Gasoline pumpGasoline prices have risen again. Yesterday, according to AAA Fuel Gauge, the price of a gallon of regular nationwide cost $3.782, compared to $3.777 the day before and $3.347 a month ago. So $4 gas must be just around the corner.

According to The Wall Street Journal:

Regular gas costs more than $4 per gallon in Hawaii, California, Washington D.C. and New York, which may not surprise many people because prices tend to be significantly above average in these areas. However, premium fuel is above the $4 mark in 23 stated plus the District of Columbia, according to the AAA Daily Fuel Gauge Report.

Why so high, especially considering prices tend to be lower during winter?

The rise is partly the result of higher crude oil prices. But the main culprit is an increase in what fuel industry insiders call the crack spread, or the difference between the wholesale price of gasoline and the price of crude oil, said the U.S. Energy Information Administration.


Filed under: 24/7 Wall St. Wire, Oil & Gas Tagged: featured
Read Full Story

Markets

S&P 500 2,384.20 -4.57 -0.19%
DJIA 20,940.51 -40.82 -0.19%
NASDAQ 6,047.61 -1.33 -0.02%
DAX 12,438.01 -5.78 -0.05%
NIKKEI 225 19,196.74 -55.13 -0.29%
HANG SENG 24,615.13 -83.35 -0.34%
USD (per EUR) 1.09 0.00 0.01%
USD (per CHF) 0.99 0.00 0.01%
JPY (per USD) 111.51 -0.02 -0.01%
GBP (per USD) 1.30 0.00 0.03%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

People Are Stunned When They Found Out What Creature This Horrifying Mouth Belongs To People Are Stunned When They Found Out What Creature This Horrifying Mouth Belongs To
Ninja Squirrel Narrowly Escapes Becoming A Hungry Hawk's Dinner With His Unbelievable Ninja Squirrel Narrowly Escapes Becoming A Hungry Hawk's Dinner With His Unbelievable
20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job 20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job