Gas Prices Post Rare, Steep Rise in JulySubmitted by emalvini on Thu, 08/02/2012 - 03:12
Gas Prices Post Rare, Steep Rise in July
July 31, 2012, 1:15 PM
If it seems like the price of gasoline is rising quickly and at an odd time of year, that is because it is true. The average price of a gallon of regular gas in the U.S. rose 5.1% or 17 cents to $3.50 per gallon today according to auto and travel group AAA.
This marks the first monthly increase since March and the largest July increase in at least a dozen years. The average price of gas in July was $3.42 a gallon. This was the third-highest average price for July ever recorded. AAA began keeping the fuel-price data in 2000.