Gasoline Prices Switch Direction
After plummeting for three months, gas prices are working their way back up, according to a survey published Sunday.
The average price of a gallon of regular is $3.32, up more than 6 cents from three weeks earlier, the Lundberg Survey found.
Over 11 weeks between October and late December, the average dropped 58 cents a gallon.
Crude oil prices have jumped, triggering higher prices at the pump, said publisher Trilby Lundberg.
“Refiners have passed through only about half of the price hike that they received. So if crude oil prices stay approximately where they are, we will see a few more cents at the pump — maybe 5 or 6 cents (per gallon) in the coming days.”
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