Gasoline prices have begun their seasonal move higher. Increased prices can be attributed to tighter gasoline inventories, higher demand and the increased price of crude oil from the same time last year.
Gasoline prices have begun their seasonal move higher.
The declining price of gasoline echoes a recent drop in crude oil prices. The drop in oil appears to be due to continued growth in domestic oil inventories.
Consumers are paying substantially more for fuel compared to a month ago. Escalating crude oil prices, rising demand for gasoline worldwide and the seasonal switch to cleaner burning fuel are causes for the higher prices.
