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Commodities Briefing - Categorized | Oil, Price Watch more

Here’s why gas prices are surging

Posted on 25 February 2014

The average cost of gasoline nationwide rose 12 cents to $3.41 during the past two weeks, according to a survey released Sunday. The increase was partially due to changes in crude oil dude to violence in petroleum-producing nations Venezuela and South Sudan, according to industry analyst Trilby Lundberg, reports the Associated Press.
The current price is still 38 cents per gallon lower than last year, but Lundberg said she expects further increases. The average price for a gallon of premium gas was $3.60, while premium gas was $3.75 and diesel averaged $4.01 per gallon. ……………………………………….Full Article: Source


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