National average sprints forward in U.S., Canada
It's been an ugly week for motorists, watching gasoline prices climb at their fastest pace in many months. The national average jumped 13.2c/gal in the last week, to $2.437/gal this morning, the highest number since December 19, 2014. Canadians have seen a similar fling higher, rising 4.5c/L in the last week to 104.6c/L.
"The spring spike has hit pumps across the nation, and it certainly has motorists wonder what in the heck is going on," said Patrick DeHaan, GasBuddy senior petroleum analyst.
New records were broken last week in California as prices spiked at their fastest pace ever, even faster than when Chevron's sprawling Richmond, CA refinery caught fire. Meanwhile every single state- all 50 of them- saw a price increase in the last week, with a common theme behind the increases: refinery this, refinery that....
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