News

Pump prices jump 12 cents, AAA sees further rise

Pump prices jump 12 cents, AAA sees further rise

American motorists are bracing for further increases in gas pump prices. Photo: Associated Press/Seth Perlman

American motorists are bracing for further increases in gas pump prices this summer after average national prices rose 12 cents in the past week alone.

AAA says drivers are experiencing “sticker shock” as increased summer demand, unrest in Egypt and production disruptions in the U.S. and other countries push up the price of crude oil and gasoline.

The national average price for regular unleaded gasoline was $3.67 a gallon on Friday.

AAA says that’s 23 cents more expensive than the same time last year but still below the all-time daily high of $4.11 a gallon on July 17, 2008.

The association says retail gas prices are likely to rise more in the coming weeks.

Unscheduled refinery shutdowns or hurricanes on the U.S. Gulf Coast could also add to price increases.

Recent Headlines

in Weird

‘World Trade Center’ ship dates to pre-Revolutionary America

Fresh
wtc

A vessel unearthed at the World Trade Center site dates back to three years before the signing of the Declaration of Independence.

in Entertainment

Stars hold out for big payday on ‘Big Bang Theory’

Fresh
bigbang

Production of the hit comedy is on hold as the show's stars demand big bucks.

in Music

Wife, son of late Bee Gees star Robin Gibb to release new music

beegees

The previously unreleased tracks were recorded before Gibb lost his battle with cancer in 2012.

in Entertainment

REVIEW: ‘Guardians of the Galaxy’ is one of 2014′s most entertaining

Guardians Of The Galaxy

Director James Gunn elevates our August with one of the most entertaining films of 2014, Marvel’s "Guardians of the Galaxy."

in Music, Entertainment

Bieber tweets, deletes Miranda Kerr shot after Bloom fight

Justin Bieber

Justin Bieber appears determined to continue provoking Orlando Bloom following their bust-up at a party in Ibiza, Spain.