P.M. BRIEFING : Gasoline Prices Still Rising
From Times Wire Services
LOS ANGELES — The price of a gallon of gasoline rose an additional 2 1/2 cents in the last two weeks, reaching a national average of $1.4709, an industry analyst said.
Prices have risen more than 40 cents a gallon since Iraq’s invasion of Kuwait on Aug. 2, according to the biweekly Lundberg Survey of 13,500 gas stations.
The dealers’ margin stands at about 11 cents a gallon, down 2 cents a gallon from before the Middle East crisis, analyst Trilby Lundberg said.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
