Posted: Aug 9, 2012 8:49 AM by Associated Press
The average price of gasoline is now higher than it was a year ago for the first time since late April.
The national average for retail gasoline was $3.662 per gallon Thursday, a penny higher than it was on this date in 2011.
Analysts expect prices to continue to rise through Labor Day because of refinery and pipeline issues that have affected supplies.
Meanwhile, oil prices are higher after China reported disappointing economic news. That's renewing speculation that the government will do more to help China's economy improve.
Benchmark oil rose 13 cents to $93.47 per barrel in New York. Brent crude gained 67 cents to $112.81 per barrel in London.
Natural gas prices are up 5 percent on a smaller-than-expected increase in U.S. supplies.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties