The average price of gasoline hit $3.68 per gallon, said the Department of Energy this afternoon, up 86 cents from a year ago and nine cents from a week ago. The last time gas rose higher than $3.50 was Sept. 29, 2008, when the weekly average hit $3.64.
Analysts said markets were reacting to continuing instability in the Middle East. On trading markets, oil prices returned today to their highest levels since September 2008, settling at $108.47.
Robert Powell, senior analyst with The...Full Story