Not summer yet, but gasoline prices are high and rising

Concerns in the oil market and increased refining costs send gas over $2.55 a gallon.

NEW YORK

As usual, the price of oil is a major factor. Thursday morning, a barrel of crude oil was above $67 – less than $3 from the record of $69.91 set after hurricane Katrina. But this time, other factors are also coming into play, including a shift in the refined-products market that has driven up the price of ethanol.

In some parts of the United States, service station owners are scrambling just to keep their tanks full.

Christian Science Monitor