NEW YORK Jan 12 The average price for a gallon
of gasoline in the United States rose to its highest level since
mid-October, according to the Lundberg survey released on
A gallon of regular-grade gasoline cost $3.3459 on average
across the United States, up from $3.2618 three weeks earlier,
according to the survey taken on Jan. 10. The average was
slightly higher than $3.3247 average from the year-ago period.
In the Oct. 18 survey, the average was $3.3628.
"Most of the hike was a result from the recovery in the
margins on the wholesale level and at the retail pump. They are
both now back in normal territory, as opposed to their being
extremely squeezed," said Trilby Lundberg, publisher of the
She expected gasoline prices will hold at their current
levels in the near term unless there are significant changes in
While gasoline prices rose, U.S. crude futures fell
6.7 percent over the past three weeks to $92.72 a barrel, while
Brent crude declined 4.2 percent to $107.25 a barrel.
New York's Long Island had the highest average price of
$3.67 a gallon, while Albuquerque, New Mexico had the lowest
average price of $2.97, according to the survey of major cities
in the 48 continental states.
(Reporting by Richard Leong; Editing by Meredith Mazzilli)