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Economy
See other Economy Articles

Title: Why are U.S. gas prices suddenly inching up?
Source: Moneywatch
URL Source: [None]
Published: Feb 2, 2015
Author: Bruce Kennedy
Post Date: 2015-02-03 01:29:47 by Otter
Keywords: None
Views: 1317
Comments: 4

ByBruce Kennedy

MoneyWatch February 2, 2015, 2:06 PM

Why are U.S. gas prices suddenly inching up?

Retail gas prices in the U.S. are creeping up for the first time since September.

According to AAA's latest Monthly Gas Price Report, average gas prices rose for seven straight days last week, after previously falling for a record 123 consecutive days.

"Many drivers are noticing an uptick in gas prices for the first time in months," AAA spokesman Avery Ash said in a statement. "It is typical to see gas prices increase this time of year due to refinery issues, yet hopefully the consumer impact will be less problematic given how low prices are today."

Play Video Job market, gas prices linked to economic optimism

Play Video With new law, California gas prices go up

Despite the uptick, a gallon of regular gas across the U.S. costs an average of $2.06, still around $1.22 less per gallon than a year ago. AAA estimates Americans are spending $365 million less per day on gas than they were at this time in 2014.

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#1. To: All (#0)

Retail gas prices in the U.S. are creeping up for the first time since September.

Didn't last long, did it.

Otter  posted on  2015-02-03   1:30:49 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#2. To: Otter, All (#1)

Oil workers in the U.S. began the largest national strike since 1980 on Sunday, after failing to agree on new labor contracts. The United Steelworkers Union (USW) called for about 3,800 employees to strike in nine sites across the country, affecting plants that account for 10% of the total U.S. refining capacity, reports Bloomberg.

SOSO  posted on  2015-02-03 10:51:45 ET  Reply   Untrace   Trace   Private Reply  


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