WASHINGTON (Reuters) - United States gasoline prices hit a record high for the third week in a row, rising 0.6 cents over the last week to $1.786 a gallon, the government said Monday.
The latest pump price is up 19 cents year-on-year, according to the U.S. Energy Information Administration's weekly survey of service stations.
 |
YOUR E-MAIL ALERTS
|
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.
Or, visit Popular Alerts for suggestions.
|
|
|
The Energy Department's analytical arm said it expects consumers to pay 20 cents more for gasoline this summer compared to last year, with the cost for regular unleaded gasoline averaging $1.81 a gallon during the April-June period.
Gasoline prices are rising because of strong consumer demand for fuel and tight petroleum inventories caused, in part, by OPEC lowering its oil production quotas.
|
