Here we go again
The retail price of gasoline rose by about 2 cents last week to average $2.12 a gallon nationwide, the Energy Department reported Monday.
The weekly government survey said the average price nationwide of regular-grade gasoline increased by 1.9 cent to $2.116 per gallon, or 8.2 cents a gallon higher than the same time a year ago.
Pump prices were highest on the West Coast even after a 3-cent decline, averaging $2.327 a gallon, and cheapest in the Gulf Coast, where motorists paid on average $2.028 a gallon. In the Midwest, gas averaged $2.05 per gallon.
One of the key factors underpinning the current price of gasoline is the high cost of oil "? the result of strong demand, tight global supplies and geopolitical uncertainties.






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