Kris Lathan Quotes (3 Quotes)

The price hike comes as crude oil costs continue to climb on energy security woes involving Iran and Nigeria. In fact, crude oil was trading above 65 per barrel this week - a level not seen since the hurricanes of 2005.

The declining price of gasoline echoes a recent drop in crude oil prices. The drop in oil appears to be due to continued growth in domestic oil inventories.

Gasoline prices have begun their seasonal move higher. Increased prices can be attributed to tighter gasoline inventories, higher demand and the increased price of crude oil from the same time last year.