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Gasoline prices hit record high again
For the third week, U.S. fuel prices soared to reach $1.786 a gallon, up 19 cents year-on-year
April 12, 2004: 4:28 PM EDT

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.

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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.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.