December 28, 2010 / 7:49 AM / 8 years ago

U.S. gas price tops $3 a gallon, highest since Oct '08

A gasoline pump nozzle is seen at a gas station as fuel prices continue to rise in Arlington, Virginia in this June 11, 2008 file photo. REUTERS/Jim Young

WASHINGTON (Reuters) - The average price of U.S. gasoline rose above $3 a gallon over the past week, reaching its highest level since October 2008, the Energy Department said on Monday.

The national price for regular gasoline increased 7 cents from the previous week to an average of $3.05 per gallon, as rising crude oil prices bolstered fuel costs.

Crude oil settled down 51 cents at $91 a barrel on the New York Mercantile Exchange on Monday as a major blizzard in the U.S. Northeast cut down on already thin holiday trading volume.

Diesel fuel prices increased 4.6 cents to $3.29 a gallon, the department said in its weekly survey of service stations.

Reporting by Ayesha Rascoe; editing by Jim Marshall

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