NEW YORK, Feb 10 (Reuters) - The average price in the United States for a gallon of regular gasoline rose nearly 25 cents in the past two weeks, up steadily since December as refineries passed along their costs, a widely followed survey released on Sunday showed.
* U.S. retail gasoline averages $3.5918/gallon
* Rise comes in response to increases from wholesalers
* Brent crude oil hit nine-month high last week
Gasoline prices averaged $3.5918 per gallon on Feb. 8, up 24.75 cents from Jan. 25, said Trilby Lundberg, editor of the Lundberg Survey.
"The amount of change is very big," Lundberg said.
The retail price of regular gasoline in the United States has risen for seven weeks straight, Lundberg said.
"Now that the wholesale price hikes have accelerated, the need for retailers to raise prices on the street is becoming acute," Lundberg said.
Brent's premium to U.S. oil futures has increased on expectations that Midwest crude stockpiles will remain elevated as constraints on the Seaway pipeline continue to limit shippers' ability to send crude to the U.S. Gulf Coast.....snip~
Gas Prices Jump Nearly 25 Cents In Last 2 Weeks
7 weeks Gas has gone up and now the bad news it will go up more as retailers will have to adjust their price. Obama's 2nd term is just not starting out good. Remember how he was running around with his victory lap. Plus now he just came back from his 2nd vacation in 7 weeks. People are getting back less money. Prices are going up on everything, and he wants to raise the minimum wage.
Course Brent already knows Obama will keep the Midwest stockpiles Right where they are at. 4.10 out in California. Although I have had people telling me Hawaii is paying even more.