Average gasoline prices top $3
The average price of U.S. gasoline rose above $3 a gallon in the past week, reaching its highest level since October 2008, the Energy Department said Monday. The national price for regular gasoline increased 7 cents from the previous week to an average of $3.05 per gallon, as rising crude oil prices bolstered fuel costs. Crude oil settled down 51 cents at $91 a barrel on the New York Mercantile Exchange on Monday as a major blizzard in the Northeast cut down on already thin holiday trading volume.
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