The pump price of gasoline rose 8 cents in the past two weeks to a national average of $2.21 a gallon, analyst Trilby Lundberg said Sunday...
The pump price of gasoline rose 8 cents in the past two weeks to a national average of $2.21 a gallon, analyst Trilby Lundberg said Sunday, citing her company’s biweekly survey of about 7,000 filling stations nationwide.
The highest price for self-serve regular gasoline was $2.57 a gallon in Honolulu, according to Lundberg. The lowest was in Salt Lake City at $1.98. On New York’s Long Island, the price was $2.40.
“The reason for the turnaround is slightly higher oil prices and a rebound in gasoline demand,” Lundberg said
Benchmark crude-oil futures touched $61.90 a barrel last week in New York, the highest since Nov. 4, as the International Energy Agency raised its forecast for 2006 global fuel demand.
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The price in Lundberg’s survey reached a record $3.01 a gallon in early September after Hurricane Katrina struck Louisiana and Mississippi, damaging refineries, shutting pipelines and curtailing crude-oil production in the Gulf of Mexico.