Sunday, April 22, 2007

U.S. Gasoline Pump Price Rises to $2.87 a Gallon, Lundberg's Survey Shows

(Bloomberg) -- U.S. gasoline at the pump rose 8 cents during the past two weeks to an average $2.87 a gallon, the highest price since Aug. 25, Trilby Lundberg said, citing her survey of 7,000 filling stations nationwide.

Wholesale gasoline futures traded in New York rose above $2.19 a gallon on April 12, the highest since August, as refinery shutdowns for repairs reduced inventories. Demand for the motor fuel is strengthening from year-earlier levels.


Read more at Bloomberg Energy News

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