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Energy

Gas Prices Up

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By Douglas A. McIntyre Updated Published
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Gasoline prices have begun to tick up again, although only slightly. It may be only a coincidence that oil prices are rising too. The price for a gallon of regular nationwide was $3.406 yesterday, compared with $3.396 the day before and $3.381 a week ago, according to AAA. The increase does not make much sense.

It is too early for gas prices to be affected by higher oil prices, which have not reached refineries yet. And inventory in the United States has been high recently. It could be that Americans are driving more now that gas prices have tumbled from just shy of $4. Or, stations may have tried to hold prices around $3.40 to maintain margins. Whatever the reason, the drop in gas prices is over for the time being.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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