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

in Music

Hall & Oates sue cereal maker

Fresh
hallandoates

The rockers are not amused by a granola company's clever name for its breakfast food.

in Music

Iron Maiden’s future depends on Bruce Dickinson’s cancer treatment

Fresh
brucedickinson

Iron Maiden's manager Rod Smallwood updated fans on the singer's progress.

in National

Supreme Court to hear gay marriage cases on April 28

Fresh
gaymarriage

The U.S. Supreme Court will hear oral arguments on whether states can ban gay marriage.