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Gas prices rise as holiday nears

Associated Press / November 16, 2010

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Getting home for the holidays could involve paying the year’s highest price for gasoline. The national average for a gallon of unleaded regular gasoline yesterday was just 3 cents shy $2.92 a gallon, the high set back in May. Analysts expect more upward price creep before the Thanksgiving holiday weekend starts.

The higher gas prices can be traced to the rising price of oil, up 15 percent since Labor Day and 4 percent this month.

The national average for a gallon of unleaded regular gasoline was $2.892 yesterday, according to AAA and others. That was about 6 cents more than a month ago and nearly 26 cents more than a year ago.