Gasoline Prices Seeing Biggest Run-up Since 2000


The sharply ris­ing price of crude oil accounts for $0.37/gallon of the recent gaso­line price increase at the pump. Ener­gy spe­cial­ists attribute the high­er prices to mul­ti­ple prob­lems at the refiner­ies that include fires and oth­er out­ages. Gaso­line short­ages are becom­ing an issue in some areas. Refin­ers’ prof­it mar­gins on gaso­line are the high­est since Hur­ri­cane Kat­ri­na.