Drivers endure high gas prices despite U.S. oil boom

Analyst says Chinese demand is the ‘800-pound gorilla in the picture now’

By: Associated Press - Texarkana Gazette

Associated Press In this Dec. 14, 2010, file photo, vehicles pack a main road during rush hour in Beijing. China, which overtook the United States late last year as the world’s largest oil importer, has the single biggest influence on global demand for fuels. China’s consumption has ris...

NEW YORK—The U.S. is increasing its oil production faster than ever, and American drivers are guzzling less gas. But you’d never know it from the price at the pump.

The national average price of gasoline is $3.69 per gallon and forecast to creep higher, possib...

Published: 03/22/2013