U.S. Gasoline Prices Rise to 10-Week High
The average U.S. retail price for self-serve regular gasoline rose 3.2 cents, or 2.1%, to $1.521 a gallon, a 10-week high, the Energy Department said.
Prices climbed in all regions except the West Coast, where the average fell 2.8 cents to $1.757 a gallon. Averages on the East Coast, the Midwest and the Gulf Coast jumped at least 4.5 cents a gallon.
The nationwide average, which reached a four-month low of $1.473 in the week ended June 2, was still down 12% from a record $1.728 in March. The latest price, for the week ended Monday, was up 9.1% from $1.394 a year ago. Prices are based on a survey of about 900 filling stations in 50 states.
Crude oil prices, which account for about two-fifths of the cost of making gasoline, have risen since the end of April.
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