U.S. retail gasoline prices averaged $3.16 a gallon on Thursday, up 32 percent from a year ago but below the record $3.24 hit ahead of the last Memorial Day holiday in May.
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Surprise, Surprise! U.S. Gas Prices Rise!
U.S. motorists may face gasoline prices as high as $4 a gallon soon
U.S. gasoline prices may reach as high as $4 a gallon this summer, following record crude oil prices, according to the travel and auto group AAA.
Crude oil hit an all-time peak over $102 a barrel Thursday, nearly doubling prices from a year ago amid a surge in speculative investment.
U.S. retail gasoline prices averaged $3.16 a gallon on Thursday, up 32 percent from a year ago but below the record $3.24 hit ahead of the last Memorial Day holiday in May.
U.S. retail gasoline prices averaged $3.16 a gallon on Thursday, up 32 percent from a year ago but below the record $3.24 hit ahead of the last Memorial Day holiday in May.
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