U.S. Gasoline Prices Climb to Highest Level Since November
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Gasoline surged to the highest level since November as a rally in the oil market increased costs at the pump ahead of the summer driving season.
The average price of regular gasoline at U.S. pumps rose 21.75 cents to $2.7973 a gallon in the three weeks ended May 15, according to Lundberg Survey Inc., a Camarillo, California-based company that bases its prices on information obtained at about 2,500 filling stations. The fuel, which is 92.52 cents lower than a year ago, climbed to the highest level since the Nov. 21 survey.