Unrest in Egypt and declining U.S. inventories are driving wholesale prices up. Pump prices will soon follow.
Teresa Jones watches the pump as she puts gas into her car at a Shell station on Pico Blvd in Los Angeles in this 2012 Midwestern states already experiencing swift, large price hikes
Gas prices are heading up again.
Rising crude oil prices and a fall in U.S. supplies are driving wholesale gas prices up sharply. That has yet to be fully reflected at the retail level. Prices at the pump — up 4 cents the past week to a national average of $3.52 a gallon — could climb another 15 cents or higher over the next two weeks. A year ago, the national average was $3.38.
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