Prices at the pump are climbing for U.S. consumers, with the current average for a gallon of gasoline reaching $3.636 per gallon on Tuesday, according to AAA data. That is a 4 cent increase in a single day—the largest one-day increase in a year—and a more than 7 cent hike per gallon over the last week as the nation enters peak driving season.
According to the latest Weekly Petroleum Status from the EIA published last Wednesday, total motor gasoline inventories fell by another 1.1 million barrels in the week to a level that is 7% below…Low Gasoline Inventories Push Up Prices For U.S. Consumers
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