Newspaper article THE JOURNAL RECORD

Gas Prices Keep Rising

Newspaper article THE JOURNAL RECORD

Gas Prices Keep Rising

Article excerpt

OKLAHOMA CITY - Oklahoma's statewide pump price average for self- serve regular gasoline was $2.11 per gallon on Monday, up from $2.06 a week earlier, according to GasPrices.AAA.com.

The state average is poised to close out August nearly 20 cents higher than it began the month.

"A number of factors have been driving prices higher for motorists including: higher crude oil prices, refinery issues in the Gulf Coast, and the threat of a tropical weather system moving into the Gulf of Mexico," said Chuck Mai, spokesman for AAA Oklahoma. "The rising crude oil prices can be attributed, in part, to talks of an agreement to limit production amongst OPEC countries and news from the U.S. Federal Reserve that the U.S. may raise interest rates in the next couple of months."

After dropping for two months, including a streak of 53 of 54 days, the national average pump price on Monday was $2. …

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