(The Associated Press)
Expect to see holiday hike at the gas pump
Oil and gasoline prices both edged up last week as the driving season picked up speed and more motorists hit the road. Pump prices rose 1.2 cents to a national average of $2.719 a gallon last week, according to AAA, Wright Express and Oil Price Information Service. Prices are still 13.3 cents less than a month ago, and just above prices from year ago, when the average was $2.685 per gallon. Analysts expect prices to rise heading into the Fourth of July weekend and then fall after that because of plentiful supplies and ongoing tepid demand.
--The Associated Press
(Volkswagen)
VW cutting price of top-selling Jetta
Volkswagen is cutting the price of its top-selling vehicle in the U.S., the Jetta, when the 2011 version of the sedan goes on sale here in October. Volkswagen says the 2011 Jetta will start at around $16,000. By contrast, the 2010 Jetta starts at $17,735. The new Jetta, unveiled in New York last week, will be sold with four engine types, including Volkswagen's 2.0-liter "Clean Diesel" TDI engine.
--The Associated Press
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