Retail gasoline prices rose again overnight and are now up nearly 40 percent from the start of the year, while the price for crude on Tuesday topped $60 a barrel for the first time since early November.
Just a week ago, drivers nationally paid about 17 cents less for a gallon of gas on average.
Crude wavered after hitting $60.08 early Tuesday, but still closed up 35 cents at $58.85 a barrel on the New York Mercantile Exchange. That's more than 80 percent above prices in December when crude was bottoming out.
Prices at the pump rose 2.2 cents to $2.248 a gallon overnight, according to motor club AAA, Wright Express and Oil Price Information Service. While the cost for a gallon has risen less than a quarter in the past month, most of that increase, 16.9 cents, has occurred in just the last week.
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