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News Summary: US gas prices lower except on coasts

Associated Press Modified: October 3, 2012 at 5:15 pm •  Published: October 3, 2012

PUMPED UP: Refinery and pipeline problems have shrunk gasoline supplies and driven up prices on both coasts. In other regions, gas prices have trickled lower after a late-summer surge.

SLICK CULPRIT: Oil prices rose 27 percent from late June through mid-September. In addition to refinery issues, production was affected by Hurricane Isaac. Since mid-September, oil prices have dropped 11 percent.

DOWN THE ROAD: Analysts predict average prices will be $3.50 per gallon or lower by Thanksgiving for most of the country. On the West Coast, the price is expected to be closer to $4 per gallon.


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