Unrest in Egypt and declining U.S. inventories are driving wholesale prices up

1372716701000-GAS-PRICES-1307011813_4_3_rx404_c534x401(Photo: Grant Hindsley AP)

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.

Read Entire Story in USA Today

Leave a Reply

Your email address will not be published. Required fields are marked *