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Tuesday, Nov 28, 2023

Gas prices pass $3.40 a gallon, are expected to rise higher

NEW YORK — Retail gas prices pushed past a record high $3.40 a gallon, fulfilling expectations that they’ll keep climbing toward $4 as the summer driving season approaches. Oil prices, meanwhile, fluctuated after setting yet another record high overnight. Analysts said investors were locking in gains from crude’s ongoing rally and trying to determine whether prices have more room to rise. At the pump, the average national price of a gallon of unleaded gas rose 1.9 cents overnight to $3.418 a gallon, according to a survey of stations by AAA and the Oil Price Information Service. Diesel fuel also hit a new record of $4.146 a gallon after jumping 1.7 cents overnight, the survey said. For the full story visit http://www.latimes.com/business/nationworld/wire/ats-ap_business12apr17,1,5722764.story

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