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US pump prices up 11 cents in July; Oil rises above $92 for first time since May

from The Washington Post

Rising tensions in the Middle East have pushed oil prices up 19 percent over the past three weeks and are leading to a rise in prices at the gasoline pump. Since the start of July, average gasoline prices in the U.S. have climbed 11 cents to $3.44 per gallon. Pump prices are expected to creep higher in the coming weeks, and they aren't likely to fall back to their June low of $3.33 for the rest of the summer, analysts say. more


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