Gas Prices. U.S. gas prices increased nearly 33 cents in two weeks, the second-biggest two-week jump in history. The latest Lundberg Survey of cities in the continental United States was conducted Friday.
It showed the national average for a price of self-serve unleaded gasoline at $3.51, an increase of 32.7 cents from the last survey two weeks earlier, survey publisher Trilby Lundberg said. The jump was the biggest since a 38-cent hike between August and September 2005. At the time, the price increase was driven by damage caused by Hurricane Katrina.
“This time around, the spike comes not from nature, but from people,” Lundberg said. “The armed struggle in Libya has shocked international oil markets and here it is at the pump.”
According to Lundberg, as the fighting between opposition forces and Libyan leader Moammar Gadhafi’s troops begins to look more like a civil war, we can expect prices to continue to rise. Prices have risen nearly 82 cents since September 2010, the survey found. The Lundberg Survey sampled prices at about 2,500 gas stations. Of the cities surveyed, the highest average price in the continental United States was in San Diego at $3.87 per gallon. The lowest price was in Billings, Montana, at $3.15.
California has garnered headlines lately for its high gas prices, though the average price in the state remained below $4, at $3.83 per gallon for regular gas. The average California price for premium does break that barrier, at $4.04 per gallon. Average per-gallon prices in other cities: Charleston, South Carolina: $3.32; Houston: $3.36; Atlanta: $3.43; Boston: $3.48; Las Vegas: $3.51; Seattle: $3.60 and Chicago: $3.75.
Libya crisis sends U.S. gas prices up 33 cents in two weeks
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