CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline jumped 10 cents a gallon over the past two weeks to $2.45.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that a rise in crude oil prices since November caused the increase.
The price at the pump is 15 cents less than it was a year ago.
The highest average price in the nation is $3.46 a gallon in the San Francisco Bay Area. The lowest average is $2.07 in Houston.
The average price of diesel went up 5 cents over the same period to $2.70.
7 Infrastructure Stocks That May Help Rebuild America
Despite their disagreements (real or imagined) on almost everything, Democrats and Republicans alike love infrastructure projects. These are easy wins for Congressional leaders seeking re-election. And they typically spur job creation, which contributes to economic growth.
With that in mind, it’s ironic that, in the last four years, the United States Congress did not pass an infrastructure bill.
Nevertheless, even with (and maybe because of) the gridlock that looks to be in the country’s future, the infrastructure looks to be on the front burner again. The economic recovery is still far from complete. Unfortunately, neither are America’s roads, energy grid, telecommunications systems, and the like. That means that it would seem like a good policy for a Biden administration to look at an infrastructure bill.
Biden will be under pressure to endorse the $1.5 trillion infrastructure package that the Democrat-controlled House of Representatives passed in July. But the package may need to be tweaked a bit since it currently includes climate change initiatives that have kept the bill from advancing through the Senate.
However, it appears that the economy will need some significant juice after whatever this winter brings in terms of the virus. And if calmer heads prevail (we can always hope), there may be a major infrastructure bill to stimulate job creation. And we’ve identified seven stocks that should bear watching if this comes to pass.
View the "7 Infrastructure Stocks That May Help Rebuild America".