WASHINGTON - The retail price for gasoline climbed to $2.22 a gallon, setting a record for the third week in a row, the government said Monday.
The national pump price for regular unleaded gasoline jumped 6.4 cents over the past week and is up 44 cents from a year ago, said the Energy Information Administration.
San Francisco topped the EIA's survey of cities, with the price of gasoline up 10.6 cents to $2.50 a gallon. Among major U.S. cities, Houston had the lowest pump price, with fuel up 4.4 cents to $2.08 a gallon.
Late in the day Monday, traders took profits and considered a possible production increase by OPEC, sending light, sweet crude for May delivery down 26 cents to $57.01 a barrel on the New York Mercantile Exchange. Prices had climbed as high as $58.28, topping the previous intraday record of $57.70 a barrel on Friday.
Heating oil prices fell 2.16 cents to $1.6422 a gallon, while unleaded gasoline was down .94 cent to $1.7216 a gallon.
Natural gas fell 15.5 cents to settle at $7.594 per thousand cubic feet.
In London, Brent crude fell 28 cents to $56.23 a barrel.
