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Gas prices tick up; expert doesn't see more hikes in short term

By the CNN Wire Staff
The average U.S. price for a gallon of gasoline is at the highest level since the financial meltdown of October 2008.
The average U.S. price for a gallon of gasoline is at the highest level since the financial meltdown of October 2008.
STORY HIGHLIGHTS
  • Self-serve regular is up nearly 3 cents per gallon, according to the survey
  • Gas prices are following an increase in crude oil over the past two weeks
  • Only small increases in fuel prices are seen in the next few weeks

(CNN) -- U.S. gasoline prices rose slightly in the past two weeks as a glut of gasoline offset a small increase in crude oil prices, according to a national survey out Sunday.

Self-serve regular went up just under 3 cents a gallon, to a national average of $3.11, according to the latest Lundberg Survey of U.S. filling stations. That's the highest price since the financial meltdown of October 2008, when demand collapsed, survey publisher Trilby Lundberg told CNN.

The latest Lundberg Survey, conducted Friday, canvassed about 2,500 gas stations in the continental United States. Since the previous survey, the price of crude oil was up $1.08 a barrel, which accounted for most of the price increase, Lundberg said.

With plenty of refined fuel on hand, "gasoline won't be jumping up further on its own," she said.

"It cannot be known what crude oil prices will be in the future," she said. "Right now, it seems reasonable to expect only small changes in crude and gasoline prices."

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The highest average pump price found was in San Francisco, where a gallon of gas cost an average of $3.37 per gallon. The lowest was in Salt Lake City, at $2.74.

Average per-gallon prices in other cities:

-- Atlanta: $3.05

-- Boston: $3.18

-- Charleston, South Carolina: $2.95

-- Cleveland: $3.12

-- Houston: $2.92

-- Jackson, Mississippi: $2.92

-- Minneapolis: $3.20

-- Phoenix: $2.98

-- Portland, Oregon: $3.20

-- St. Louis: $2.99