U.S. Gasoline Prices Rise 5 Cents

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U.S. Gasoline Prices Rise 5 Cents

WASHINGTON -- U.S. pump prices hopped to their highest point in a month, rising more than 5 cents a gallon over the last 7days, almost 10 cents in the last two weeks.

The national price for regular unleaded gasoline rose 5.4 cents to $2.56 a gallon, according to a Reuters report. Still, that price is $1.32 less than it was a year ago, according to the Energy Information Administration's weekly survey of service stations.

The price for crude oil settled up $2.13 at $71.58 a barrel in futures trading Monday at the New York Mercantile Exchange, the highest since June 12.

In its weekly price survey, the EIA found San Francisco had the average highest retail at $2.94, up 8 cents. Houston had the lowest pump price at $2.38, also up 7 cents.

The average price for diesel fuel increased 2.2 cents to $2.55 a gallon, down $1.95 from a year ago, Reuters noted.

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