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Gas Prices Expected to Rise at Pump

Gasoline futures extended their rally today, raising the prospect that prices at the pump will reverse course and again head higher in the coming weeks, according to the Associated Press. Oil futures moved above $68 a barrel.

Retail gasoline prices, which typically lag the futures market, fell again by 1.4 cents overnight to a national average price of $3.029 a gallon, according to AAA and the Oil Price Information Service. Prices peaked at $3.227 a gallon on May 24.

Posted by   at 1:05 PM to Gas prices | Permalink

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