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Gas hits $3.50 a gallon nationwide

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press
Tuesday, July 31, 2012 - 5:30 pm

Gasoline is at $3.50 per gallon for the first time this summer after a sharp run-up in July.

The price of gas rose 17 cents per gallon, or 5.1 percent this month, as oil rose and drivers burned more fuel on summer road trips. It was the first monthly increase since March, and the biggest gain in any July since auto club AAA started keeping records in 2000.

The average price for gas nationwide hit a high of $3.936 per gallon April 6 when oil topped $100 per barrel. As the global economy weakened in the spring, oil fell sharply. Gas eventually dropped to $3.326 per gallon on July 2.

See local gas prices under the gas pump icon in the Local section at news-sentinel.com.