Birmingham, AL – AAA Alabama reports the average statewide price for regular jumped two cents overnight to $3.62 a gallon.
Thursday's price is about a penny more than this time last week. However, diesel was down almost a half cent to $4.11 a gallon.
The average national retail price of a gallon of regular unleaded gasoline was at $3.67 a gallon.
The wholesale price for gasoline produced on the Gulf Coast jumped about 30 percent on the spot market today as Hurricane Ike churned toward Texas and its massive petroleum refining infrastructure.
The wholesale price for a gallon of gasoline rose about $1 to $4.25 this morning, topping the high price five years ago when hurricanes Katrina and Rita raked the Gulf Coast.
(Copyright 2008 by The Associated Press. All Rights Reserved.)