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Wednesday, December 20, 2023

Pump Prices in US Post Biggest Jump in Four Months

 

  • Gasoline prices track oil’s rally amid Red Sea disruptions
  • Prices rise as nearly 104 million Americans ready to hit road

US pump prices had their biggest jump in more than four months, tracking gains in oil, as many Americans get ready for holiday road trips.

Regular gasoline now costs an average of $3.097 a gallon after notching the biggest one-day increase since August with a 0.6% gain, according to data from the American Automobile Association. The group estimates that nearly 104 million people will drive to their holiday destinations this year, the second highest on record.

https://www.bloomberg.com/news/articles/2023-12-20/us-pump-prices-post-biggest-jump-since-august-as-oil-gains

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