Monday, March 12, 2012
© Copyright 2014
Gwinnett Daily Post
In this March 2, 2012 photo, Al Milani of Staten Island, pumps gas in Manhattan at a BP mini-mart. The price at the gas pump rose over the weekend and the nationwide average is nearing $3.80 a gallon. Oil is close to $107 per barrel because of tensions tied to Iran's nuclear program. (AP Photo/Gene J. Puskar)
NEW YORK (AP) -- The average price of gasoline has reached $3.80 per gallon after jumping by nearly a nickel over the weekend.
Experts say pump prices are rising on the expectation that supplies will dip next month while refineries switch from winter to summer gasoline blends. Forecasts see gas rising as high as $4.25 per gallon in late April.
Drivers in Hawaii are paying the most at $4.44 per gallon, while those in Wyoming are paying the least at $3.30 per gallon.
Meanwhile, oil prices fell $1.43 to $105.97 per barrel in New York after Chinese trade data suggested a weakening global economy. Natural gas dipped to a new 10-year low at $2.25 per 1,000 cubic feet.