August 5, 2015
NEW YORK (AP) - Gasoline prices are near a new record at the
pump, having surged to within half a cent of the record high of $3.227 a gallon. Crude, meantime, has hit a new trading high today.
The national average price of a gallon of gas rose 0.7 cent overnight to $3.222 a gallon, according to AAA and the Oil Price Information Service. Here in Nevada, the average pice of a gallon of regular is $3.273, with Reno averaging $3.38 per gallon.
Last May, prices peaked because of surging demand and a string of refinery outages.
Although many analysts see gas prices going higher, they do not see them breaching $4 a gallon on average.
Light, sweet crude for April delivery rose $1.57 to $106.72 on the New York Mercantile Exchange after earlier setting a new trading record of $107.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.