U.S. National Average Gasoline Price Hits The Dreaded $5 Mark ...Middle East

U.S. gasoline prices jumped on Thursday to a national average of $5 per gallon, a record high, according to data from fuel-savings app GasBuddy. The $5 threshold had been widely expected for weeks now, considering the rise in international crude oil prices, the constrained refinery capacity in the United States, the robust demand despite record-high prices, and multi-year low fuel inventories in the U.S.   GasBuddy data also showed on Thursday that week to date (Sunday through Wednesday), U.S. gasoline demand inched up by 0.14% from last week,…

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