U.S. drivers are seeing the effect of higher oil prices. Gas prices leveled off last week after steadily declining in the second half of June. Tuesday, the average price gained 5 cents or more in Minnesota, Michigan and Missouri. Most other states reported small increases.
Higher pump prices could be temporary. The Energy Department forecast Tuesday that gas prices would average $3.38 a gallon over the second half of the year. The average so far for July is $3.48.
Brent crude, which is used to set prices for oil used by many U.S. refineries, was up 38 cents at $107.81 on the ICE exchange in London.
In other energy futures trading on the Nymex:
— Wholesale gasoline added 4 cents at $2.93 a gallon.
— Natural gas fell 8 cents to $3.66 per 1,000 cubic feet.
— Heating oil gained 1 cent to $2.99 per gallon.
Pablo Gorondi in Budapest contributed to this report.
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