oh no
NEW YORK ? Drivers across the U.S. paid more for gas every day this week, and it looks like they could pay a little more before pump prices level off.
The average price of a gallon of regular hit $2.782 on Friday, according to AAA, Wright Express and Oil Price Information Service. That's 1.4 cents higher than Thursday and 31.4 cents above a year ago. Gas prices haven't been this high since last spring. Just a week ago, the average price was $2.692.
The price of oil has been around $80 a barrel or more for over a week. Crude's been rising as the dollar has weakened against the euro. Since oil is priced in dollars, it becomes more attractive to foreign investors as the dollar falls. Higher oil prices mean refiners have to pay more for crude to make gasoline and other refined products.
NEW YORK ? Drivers across the U.S. paid more for gas every day this week, and it looks like they could pay a little more before pump prices level off.
The average price of a gallon of regular hit $2.782 on Friday, according to AAA, Wright Express and Oil Price Information Service. That's 1.4 cents higher than Thursday and 31.4 cents above a year ago. Gas prices haven't been this high since last spring. Just a week ago, the average price was $2.692.
The price of oil has been around $80 a barrel or more for over a week. Crude's been rising as the dollar has weakened against the euro. Since oil is priced in dollars, it becomes more attractive to foreign investors as the dollar falls. Higher oil prices mean refiners have to pay more for crude to make gasoline and other refined products.
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