NEW YORK - The price of oil rose back above $105 Friday. Gasoline prices jumped the most since mid-February, unwelcome news for summertime drivers.
Drivers are seeing the impact. The average price for a gallon of gas in the U.S. rose 3 cents to $3.55 a gallon, the biggest one-day increase since Feb. 16, according to AAA. Prices rose 10 cents in both Indiana and Michigan.
The average price has gained 8 cents since Monday, reversing what had been a steady decline since the middle of June.