On top of $90 oil prices, the futures market also points to further pain at the pump for American consumers.
The highest premium of gasoline futures over crude since 2013 signals that motor gasoline supply could be tighter than expected this summer when U.S.
In the U.S., total motor gasoline inventories increased by 1.3 million barrels in the week to January 21, the Energy Information Administration said in its weekly petroleum inventory report on Wednesday.
That’s up from $3.286 a gallon one month ago, and compares to $2.408 a gallon Americans paid for gasoline at this time last year.
U.S.