Lundberg and AAA Both Report Slightly Higher Gas Prices

Lundberg and AAA note gas price increase for the week
The price of gasoline is rising, but it isn’t spiking, at least not yet. Lundberg reported on Sunday gasoline prices in the US rose $0.0187 during the past two weeks. The report noted refiners and retailers absorbed the majority of the costs with rising oil prices coming from the geopolitical conflict in Iraq. Instead of passing those costs onto consumers, they instead chose to absorb the approximately $6 per barrel increase which happened over the last two weeks. By doing this, the margins on gasoline have decreased, and the companies will likely try to regain some of that in the weeks ahead.

At the same time, AAA’s fuel gauge report shows an increase of $0.021 in gasoline pric

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