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Thursday, June 20, 2013

Oil Supplies Are Up, But Gas Is Still Pricey

Gas prices are pictured at a Shell station in Southern California on June 2, 2013. (Lynn Kelley Author/Flickr)

Gas prices are pictured at a Shell station in Southern California on June 2, 2013. (Lynn Kelley Author/Flickr)

Supplies of oil have been surging this year, and U.S. drivers, who have been switching to more fuel-efficient cars, are using less gasoline.

That would seem to be the right economic combination to push down prices at the pump, but gasoline prices have remained stubbornly high.

Gasoline is averaging about $3.60 for a gallon of regular.

With summer beginning tomorrow, millions of vacationers will be taking to the roads.

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Spotlight

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