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/.
