Gas Prices Increased 39 Cents Since the Beginning of July


Average US gas prices spiked over the last two months, rising 39 cents to $3.74 a gallon. They had been declining steadily since April. Compared to this week in 2011, prices are up 16 cents. Although part of the past week’s price spike was caused by the massive refinery fire in Richmond, CA, it does not account for the national average.

For more information, see our gasoline report.

–from the St. Louis Federal Reserve

Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: