Gasoline Average Tops $4 a Gallon
The national average for gasoline has topped $4 a gallon for the first time, according to AAA.
The average price reached $4.005 a gallon, USA Today reported Monday, citing the motorists group.
California drivers are paying above $4.40 a gallon, while the lowest price is in Missouri, at about $3.80, USA Today said.
The Lundberg Survey’s twice-monthly report issued Sunday pegged the national average at $3.99 a gallon, up 20 cents in three weeks.
Analyst Trilby Lundberg said the price increases came in spite of flat or declining demand, Bloomberg reported.
Crude oil jumped $10.75 Friday, a record one-day climb, to close at a record $138.54 a barrel.
The Department of Energy comes out with its weekly surveys of diesel and gasoline prices Monday afternoon.
