Gas prices are the highest they have been in the past 26 months, the Associated Press said on Monday.
In January, things may get even worse at the pump. The national average may eclipse the $3 per gallon mark, according to AP.
“There’s been enough supportive economic news as of late to support the move higher, and the cold weather is helping,” Tom Bentz, a broker with BNP Paribas Commodity Futures, told Bloomberg News. “The market continues to have a firm tone.”
The national average price hit $2.951 for a gallon of regular gasoline, AP reported, citing AAA, Wright Express and the Oil Price Information Service.
For January delivery, crude oil rose to $89.38 per barrel on the COMEX division of the New York Mercantile Exchange. The last time prices were that high was in mid-October of 2008.
However, like always there is a disparity among regions in terms of prices. In the San Fancisco Bay Area, prices are as high as $3.59, according to http://www.sanfrangasprices.com/.
Meanwhile, in Colorado and in Wyoming, prices hovered around the $2.70 per gallon mark on http://www.gasbuddy.com/.
In January, things may get even worse at the pump. The national average may eclipse the $3 per gallon mark, according to AP.
“There’s been enough supportive economic news as of late to support the move higher, and the cold weather is helping,” Tom Bentz, a broker with BNP Paribas Commodity Futures, told Bloomberg News. “The market continues to have a firm tone.”
The national average price hit $2.951 for a gallon of regular gasoline, AP reported, citing AAA, Wright Express and the Oil Price Information Service.
For January delivery, crude oil rose to $89.38 per barrel on the COMEX division of the New York Mercantile Exchange. The last time prices were that high was in mid-October of 2008.
However, like always there is a disparity among regions in terms of prices. In the San Fancisco Bay Area, prices are as high as $3.59, according to http://www.sanfrangasprices.com/.
Meanwhile, in Colorado and in Wyoming, prices hovered around the $2.70 per gallon mark on http://www.gasbuddy.com/.
