US gasoline price rises
Monday, 7 January 2019
WASHINGTON, Jan 06 (Xinhua): Regular retail gasoline prices in the United States ended the year with a 13-per cent increase from the previous year after a quick drop since October, US Energy Information Administration (EIA) said on Friday.
US regular retail gasoline prices averaged 2.72 US dollars per gallon in 2018, which was 30 cents per gallon higher than the previous year, said EIA.
Among the 10 major cities in the United States from which EIA collects weekly retail price data, half of them saw gasoline price exceeded 3 dollars per gallon at least once in 2018.
EIA said that gasoline prices rose from January through May last year due to rising crude oil price and strong gasoline demand. From June to October, gasoline price remained relatively stable before a quick drop.