Business · Energy
U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher
By NYT Business · 7 min read
Oil prices pushed higher on Tuesday as supply concerns mounted, sending the national average for a gallon of regular gasoline to its highest level since last summer — the 11th consecutive daily increase.
Analysts said tightening supply and seasonal demand were likely to keep upward pressure on pump prices through the end of the month.
“There’s simply less cushion in the system than there used to be,” one analyst said.