Skip to main content
The Web      Powered by
powered by Yahoo!

Survey: Gas prices jump another dime

Lundberg: Unless demand drops, expect to pay even more

Gas prices in the Atlanta, Georgia, area are around two dollars per gallon.
Gas prices in a sampling of cities:
 Long Island, New York

(CNN) -- Gasoline prices have continued their record-breaking climb, jumping 10 cents during the past two weeks, a national survey reported Sunday.

A gallon of self-serve regular gasoline rose to an average cost of $1.93, the Lundberg survey of thousands of gas stations found. The survey was conducted Friday.

The price is up 45 cents since December 19, when prices began rising.

The 10 cent jump over two weeks is the largest since August, when a West Coast pipeline was closed and several refineries were temporarily shut down during a blackout, publisher Trilby Lundberg said.

The latest rise is due mostly to the higher price of crude oil, which is up to $40 a barrel, she told CNN.

Expect prices to keep rising, she warned.

"OPEC seems positioned to keep output constrained."

U.S. drivers have increased demand for gasoline as they head into the traditional peak driving season of June through August, Lundberg said, adding that economic recovery has put more drivers on the roads.

Also, U.S. environmental standards require specialized refining procedures, which translate into higher prices at the pump, she said.

"We cannot expect a big downward move in the very near term."

Short of a worldwide drop in the demand for oil, she said, "it appears further gasoline price increases are more likely than a plateau."

The lowest average price of a gallon of self-serve regular found by the survey was in Norfolk, Virginia, at $1.75; the highest was San Diego, California, at $2.25.

Story Tools
Subscribe to Time for $1.99 cover
Top Stories
Father guilty of killing 9 of his children
Top Stories
CNN/Money: Security alert issued for 40 million credit cards


International Edition
CNN TV CNN International Headline News Transcripts Advertise With Us About Us
   The Web     
Powered by
© 2005 Cable News Network LP, LLLP.
A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines. Contact us.
external link
All external sites will open in a new browser. does not endorse external sites.
 Premium content icon Denotes premium content.
Add RSS headlines.