Gasoline prices get early start on spring surge
NEW YORK - Gasoline prices are getting an early start on their annual spring march higher.
The average retail price rose 13 cents over the past two weeks to $3.42 per gallon, and within a few days it will likely set a record for this time of year.
The culprits: Rising crude oil prices, slowing output at refineries that are undergoing maintenance, and low supplies of gasoline.
These are the kinds of thing that push gasoline prices higher every spring.
Hopes of stronger economic growth in the U.S. and abroad helped push the U.S. stock market to a five-year high in January and sent crude prices up. When economies expand, more gasoline, diesel and jet fuel are consumed by shippers and travelers.
Retail gasoline prices have risen for 14 days straight, according to AAA.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Homeowner sick of speeders, speed bumps no use
INVESTIGATIVE UNIT: High ranking captain under investigation accused of payroll fraud
Officer meets woman who saved his life
Congressional aides tour flood damage region
Volunteers with Team Gleason and St. Bernard Project help flood survivors rebuild