Home>News Center>World
         
 

Gas hits 4-month high of $1.99 per gallon
(Agencies)
Updated: 2004-10-11 09:07

U.S. average retail gasoline prices are again approaching $2 a gallon, reaching a four-month high amid record high crude oil prices and the effects of Hurricane Ivan, a leading industry analyst said on Sunday.

The national average price for self-serve regular unleaded gasoline was $1.989 per gallon in the two weeks ended Oct. 8, up 7.8 cents from Sept. 24, and up 13.2 cents in the last month, according to the twice-a-month Lundberg survey of about 7,000 U.S. gas stations.

Pump prices are now the highest since June 11, and less than 9 cents below the $2.074 peak set on May 21. They might have more room to rise, according to survey editor Trilby Lundberg.

"The main cause of the latest price increase was Hurricane Ivan, which has been affecting U.S. Gulf of Mexico offshore oil production," Lundberg said in an interview. "There is upward pressure on future gasoline prices because crude oil prices have been rising faster than pump prices."

Oil prices have climbed more than 22 percent since Hurricane Ivan began disrupting Gulf of Mexico supplies in mid-September. Recent bad weather in the region has contributed to the increase, Lundberg said.

Crude oil futures for November delivery on the New York Mercantile Exchange settled Friday at $53.31 a barrel. Earlier in the day, the November crude contract soared to a record of $53.40 -- the highest price since NYMEX started trading crude oil futures in 1983.

U.S. Treasury Secretary John Snow on Sunday called the record prices a "drag" that creates "headwinds" for the U.S. economy and takes disposable income away from consumers. He spoke on CNN's "Late Edition."

Lundberg, based in Camarillo, California, said higher oil prices do weigh on the economy, "but only compared with what lower prices would do. Demand for petroleum products continues to grow even at these prices, suggesting that prices are not alarmingly high."

In the latest survey, the highest average pump price was $2.35 per gallon in San Diego, while the lowest average was $1.84 per gallon in Houston.



 
  Today's Top News     Top World News
 

Experts: Chen Shui-bian's call for talks is vague

 

   
 

Hu, Chirac agree on Taiwan, arms embargo

 

   
 

Economy to grow 9.4% this year and 8.9% next

 

   
 

Militants still hold Chinese hostages

 

   
 

Airbus to expand procurement from China

 

   
 

Lawmakers call for protection of drivers

 

   
  Car bombs kill 11 as Rumsfeld visits Iraq
   
  Panel to probe fraud claims in Afghan vote
   
  Gas hits 4-month high of $1.99 per gallon
   
  Guinea-Bissau standoff ends as soldiers sign deal
   
  Israel pushes Gaza offensive, faces vote on pullout
   
  Mathematicians offer help in terror fight
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Ivan remnants turn deadly in Southeast US
   
Hurricane Ivan slams Gulf coast; 20 dead
   
Hurricane Ivan hits US Gulf Coast in Alabama
  News Talk  
  Are the Republicans exploiting the memory of 9/11?  
Advertisement
         
主站蜘蛛池模板: 国产性夜夜春夜夜爽三级| 欧美黑人又粗又大又爽免费| 无码人妻丰满熟妇区五十路 | 国产馆精品推荐在线观看| 中日韩欧一本在线观看| 欧美乱人伦中文在线观看不卡 | 日本午夜精品一本在线观看| 亚洲成av人片在线观看无码| 精品国产乱码久久久久久1区2区| 国产成人亚洲综合无码精品| 97精品久久天干天天蜜| 极品美女一级毛片| 免费h视频在线观看| 2018狠狠干| 日韩AV无码精品一二三区| 厨房切底征服麻麻| 97色伦在线观看| 成人妇女免费播放久久久| 五十路在线播放| 欧美老妇与禽交| 免费高清日本中文| 蜜桃视频一日韩欧美专区| 国产精品亚洲综合| a级在线免费观看| 成人欧美一区二区三区的电影| 久久综合久久综合九色| 欧美日韩亚洲第一页| 国产亚洲精品美女2020久久| 51国产黑色丝袜高跟鞋| 好男人在线社区| 久久99精品久久久久久不卡| 最近免费中文字幕mv在线电影| 亚洲精品中文字幕无乱码| 黄色网站在线观看视频| 国产高清在线精品一区二区三区| 一级一看免费完整版毛片| 日本高清免费不卡在线播放| 亚洲国产91在线| 欧美老少配xxxxx| 婷婷色在线播放| 久久精品亚洲欧美日韩久久|