Business

US gasoline rises to 12-week high, Lundberg Survey shows

The average retail price for regular gasoline Friday was $3.3459 a gallon, 2.12 cents higher than it was a year ago.
The average retail price for regular gasoline Friday was $3.3459 a gallon, 2.12 cents higher than it was a year ago.Joe Raedle/Getty Images/file

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The average price for regular gasoline at pumps in the United States has climbed 8.41 cents in the past three weeks to $3.3459 a gallon, the highest level since October 17, according to Lundberg Survey Inc.

The survey covers the period ended Friday and is based on information obtained from about 2,500 filling stations by the Camarillo, Calif.-based company.

The Friday retail price is 2.12 cents higher than a year ago, Lundberg said. The US average reached a 2013 peak of $3.795 in the Feb. 22 survey.

The price for West Texas Intermediate crude, the US benchmark and oil used in many of the nation’s refineries, rose to a two-month high of $100.32 a barrel on Dec. 27, according to data compiled by Bloomberg.

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