AAA Fuel Gauge data show that gasoline prices are higher than a year ago for the first time since April. The report shows the average price nationwide for a gallon of regular was $3.673 yesterday. A year ago, the figure was $3.637. By way of comparison, the price of gas was $3.567 a week ago and $3.383 a month ago. The surge in gas prices, which began two weeks ago, appears to have slowed for now.
The nationwide average does not mean much for drivers in some states. The price in California was $3.986, pushed higher by the Chevron Corp. (NYSE: CVX) refinery explosion. Prices in Alaska, Illinois, Hawaii, Wisconsin and Michigan were more than $3.90 — probably driven by the lack of refinery facilities in these states.
Methodology: Every day up to 120,000 stations are surveyed in cooperation with Wright Express for unmatched statistical reliability.
Douglas A. McIntyre
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