News

Pump prices jump 12 cents, AAA sees further rise

Pump prices jump 12 cents, AAA sees further rise

American motorists are bracing for further increases in gas pump prices. Photo: Associated Press/Seth Perlman

American motorists are bracing for further increases in gas pump prices this summer after average national prices rose 12 cents in the past week alone.

AAA says drivers are experiencing “sticker shock” as increased summer demand, unrest in Egypt and production disruptions in the U.S. and other countries push up the price of crude oil and gasoline.

The national average price for regular unleaded gasoline was $3.67 a gallon on Friday.

AAA says that’s 23 cents more expensive than the same time last year but still below the all-time daily high of $4.11 a gallon on July 17, 2008.

The association says retail gas prices are likely to rise more in the coming weeks.

Unscheduled refinery shutdowns or hurricanes on the U.S. Gulf Coast could also add to price increases.

Latest Stories

yesterday in Local Sports, Sports, UVA Sports

Virginia Baseball Game Cancelled Tuesday Night

BaseballHat1

The Virginia baseball game against Radford that was originally scheduled for 6:00 pm on Tuesday has been cancelled. Virginia will now play William and Mary at Davenport Field in Charlottesville at 6:00 pm on Wednesday evening.

yesterday in Viral Videos

How ‘Frozen’ Should Have Ended

How Frozen Should Have Ended

This "alternative ending" would have made Frozen a COMPLETELY different movie!

yesterday in National, Sports

Gratitude, defiance marks Boston bombing memorial

boston

The city and the nation mark the first anniversary of the deadly Boston Marathon bombings.