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National gas price jumps 13 cents to $4.27

National gas price jumps 13 cents to .27

The national average price for a gallon of regular gasoline rose 13 cents in one week to $4.27, AAA reported Thursday.

AAA tied the increase to rising crude oil prices as volatility in the Strait of Hormuz pushed oil back to about $100 per barrel for the first time since July.

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The latest national pump price is comparable to levels seen in early June, according to the organization.

The increase is arriving at a time of year when gasoline prices typically decline as demand falls, AAA said.

Public electric-vehicle charging costs were unchanged during the week. AAA put the national average at 42 cents per kilowatt-hour at public charging stations.

The organization said its full fuel report includes federal Energy Information Administration data along with state gasoline prices, electric charging trends and oil-market information.



Categories: Life