U.S. Gasoline Price Rises 3.92 Cents A Gallon, More To Come!
Posted By thestatedtruth.com on December 5, 2010
Inflation anybody? “What we’re seeing is really just the tip of the iceberg,†Trilby Lundberg said today in a telephone interview. “At the retail level, we could see another six to eight more cents†per gallon as refiners pass through higher crude costs.
The average price for regular gasoline at U.S. filling stations rose 3.92 cents to $2.9121 a gallon, according to a survey.
The price covers the two-week period ended Dec. 3 and is determined from data provided by 2,500 filling stations nationwide to Trilby Lundberg, an independent gasoline analyst in Camarillo, California.
Crude oil for January delivery surged 9.4 percent in the two weeks ended Dec. 3, rising $7.68 to $89.19 a barrel on the New York Mercantile Exchange.
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