Gasoline price to go up again in the US |

The national average price for regular unleaded gasoline today was $3.23 a gallon, up 2 cents compared with Tuesday, May 22. The average price is 37 cents higher today than it was a month ago, according to AAA, of Heathrow, Fla.

The average prices of midgrade unleaded and premium unleaded gasoline also are slightly higher compared with three days ago. Drivers are paying $3.42 a gallon for midgrade, up 1 cent, and $3.55 a gallon for premium, up 2 cents compared with Tuesday.

Diesel prices remained much lower than the high set in 2005. The national average price reported today was $2.92 a gallon, compared with the record $3.24 a gallon on Oct. 24, 2005.

Low gasoline inventories have been blamed for the high prices, with outages continuing to plague U.S. refiners. It looks like refiners are reluctant to invest capital to upgrade plants because they are unsure what effect the government’s push for biofuels will have on their future.

The House of Representatives has passed a bill that would penalize oil companies, traders and operators found guilty of price gouging. President Bush is expected to veto the bill if it reaches his desk, concerned that price controls could lead to shortages, according to the Associated Press.

Drivers in Bridgeport, Calif., are still seeing the highest prices in the US, at $4.09 a gallon. At $2.69 a gallon, drivers in Sherman, Miss., are seeing the lowest prices across the United States.

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