Retail Gasoline Prices at Five-Week High

2012-01-11 10:54:07

by Convenience Store Decisions

The U.S. retail price average for regular grade gasoline reported by the Energy Information Administration (EIA) reached a five-week high at $3.299 gallon in beginning 2012, and is set to notch its third straight weekly increase amid higher wholesale costs. Several factors continue to drive gasoline prices higher despite ongoing weak demand, with preliminary EIA [...]