Recent rally in pump prices may have peaked

- November 20th, 2010

Washingtonpost reports that gas prices are certain to be the highest in three years.

Washingtonpost reports that gas prices are certain to be the highest in three years.

The market news is quoted as saying:

Gasoline prices reached an average of $2.89 a gallon earlier this week, just 3 cents the 2010 high of $2.92 reached in May. Rising oil prices, a seasonal drop in refinery output and a weaker dollar had all contributed to a 5-cent increase in retail gas prices in the past month.

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