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Entries in National Average (3)

Monday
May162011

Still at Record Levels, National Average of Gas Prices Remain Unchanged

Jupiterimages/Thinkstock(WASHINGTON) -- Despite a big sell-off on the oil future market in the past week, the Energy Department reports that the national average price of gasoline at retail is effectively unchanged at $3.96 a gallon. It’s down just half a penny from last week’s national average price.

Even with the minor move, gas prices are still at near-record levels for this time of year, up 38 percent from their level a year ago ($2.86).

Copyright 2011 ABC News Radio

Tuesday
Mar292011

Gas Prices See Seventh Consecutive Weekly Increase

Jupiterimages/Thinkstock(WASHINGTON) -- The average price of a gallon of gasoline in the U.S. is now $3.60, marking the highest price ever during the month of March and the seventh consecutive weekly increase, according to the Department of Energy.

The latest average, released Monday, is up up three cents from a week ago and 80 cents from one year ago.  Last week's national average was an updated $3.56 per gallon for regular gas, the 13th consecutive week that the average was above $3 a gallon, according to the DOE.

The last time gas rose higher than $3.50 was Sept. 29, 2008, when the weekly average hit $3.64.

Meanwhile, oil futures settled at $103.98 Monday after reaching a high of $105.76 earlier in trading.´╗┐

Copyright 2011 ABC News Radio

Tuesday
Jan182011

Gas Prices: Another Week, Another Penny

Photo Courtesy - Getty Images(WASHINGTON) -- Gas prices ticked up another penny during the past week, the U.S. Department of Energy said Tuesday, with the national average price now sitting at $3.10.

It’s the highest gas price since October 2008 and the second-highest price for gasoline in the month of January ever. Only the week of Jan. 7, 2008 was higher, at $3.11.

Copyright 2011 ABC News Radio´╗┐







ABC News Radio