Gasoline prices have begun to move higher, in large part due to a refinery fire at a Chevron (NYSE: CVX) refinery in California. Gas prices have fallen for nearly three months, a trend which economists believe may help stabilize a troubled economy.
According to AAA Fuel Gauge, the average price of a gallon of regular gas nationwide yesterday was $3.692 up from $3.685 the day before. The real rise can be seen compared to the price a month ago — $3.388. The one-month increase is 9%.
The price of regular in California has risen quickly to $4.072. Only Hawaii has a higher price at $4.169.
Douglas A. McIntyre