Gas prices rise with no relief in sight yet

July 22, 2013 at 10:04 AM ET

American motorists are bracing for further increases in gas pump prices this summer after average national prices rose 12 cents in the past week alone.

AAA says drivers are experiencing “sticker shock” as increased summer demand, unrest in Egypt and production disruptions in the U.S. and other countries push up the price of crude oil and gasoline.

The national average price for regular unleaded gasoline was $3.67 a gallon on Friday.

AAA says that’s 23 cents more expensive than the same time last year but still below the all-time daily high of $4.11 a gallon on July 17, 2008.

The association says retail gas prices are likely to rise more in the coming weeks.

Unscheduled refinery shutdowns or hurricanes on the U.S. Gulf Coast could also add to price increases.

Oil Companies Bet on Tar Sands, Against California Neighbors

June 12, 2013

By Brant Olson

Oil’s Rail Wager

A series of rail terminals proposed by California’s biggest oil refiners could dramatically increase the supply of crude oil from the Canadian tar sands into the state,  potentially posing major health hazards to local communities.

In recent weeks, ValeroTesoro, and Phillips 66 have all announced plans to build rail facilities that could eventually bring as much as 286,000 barrels of dirty oil per day from the Canadian tar sands into California refineries – roughly five 100-car trains full of oil every day.