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Gas Prices Climb Nearly 18 Cents in Two Weeks
 This is the wrong time of the year for gas prices to be climbing. Even though we are already well past the summer driving season gas prices have climbed nearly 18 cents in the past two weeks according to the latest Lundberg Survey. CNN reports that the price of crude oil has jumped $9 a barrel to nearly $80.50.
The average price of a gallon of self-serve regular was $2.655 as of October 23, said Trilby Lundberg, author of the Lundberg Survey. Since the October 9 survey, the average price per gallon has climbed by 17.82 cents. The current price is 12.3 cents less than the price a year ago.
The retail price of diesel fuel jumped a similar amount in the past two weeks -- 16.75 cents. The price of diesel fuel is $2.817, Lundberg said.
There has been no significant increase in the demand for crude oil, nor large decrease in supplies of crude that can explain almost a $9 per barrel jump in the past two weeks, according to Lundberg. Crude oil now costs $80.50 a barrel.
Some positive economic indicators and the Dow crossing the 10,000 mark earlier this week could have pushed oil higher. Consumers certainly don't need more pain at the pump right now. The AAA's Fuel Gauge Report shows prices up about 14 cents from a month ago. They have the national average gas price at $2.665.
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Posted on October 25, 2009
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Gas Prices Up 25 Cents in Past Three Weeks
Reuters reports that the Lundberg survey released Sunday reports a 25 cent jump in gas prices over that past three weeks. Gas prices are expected to jump because of people traveling more in the summer but the are not expected to get anywhere near last year's record prices.
The average price for a gallon of gasoline in the United States increased nearly 25 cents in the past three weeks on a rise in crude oil prices, according to the Lundberg survey released on Sunday.
The average national price for self-serve, regular, unleaded gasoline was $2.3010 a gallon on May 15, up from $2.0549 a gallon on April 24, according to a nationwide survey of 5,000 gas stations.
Prices rose about 8.2 cents a week on average.
The price is below last year's levels and far below the high of more than $4.11 a gallon set on July 11, 2008.
Even though gas prices are much less than last year it is still going to painful for many consumers who are already cutting back because of economic concerns. The nation's average gas prices for a gallon of gas is currently around $2.30 according to the Lundberg survey.
Posted on May 17, 2009
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Gas Prices Climb Ten Cents in Past Week
 Gas prices are still over a $1.25 less than they were a year ago but with the summer driving season rapidly approaches prices are going to climb. Reuters reports that the new Lundberg Survey found gas prices climbed nearly ten cents over the past week.
The average national price for self-serve regular unleaded gasoline was $2.048 a gallon on April 10, up 9.58 cents from March 20, according to the survey of gas stations.
The price was a whopping $1.27 below a year ago levels, when crude oil prices soared.
"The major cause of the rise of nearly a dime in three weeks is seasonal gasoline demand, not only because our consumption rises month by month, but because of the cost of environmental compliance," Survey editor Trilby Lundberg said in an interview.
As the weather warms, refiners are required to limit vapor pressure in order to avoid smog production. This adds to the cost per gallon, she said.
The AAA's Fuel Gauge Report shows gas prices up about 12 cents from one week ago. This year's peak prices should stay well south of last year's gasoline prices but with the recession continuing any increase be unwelcomed by consumers.
Photo: Daquella manera
Posted on April 12, 2009
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Gas Prices Up 15% Since Start of Year
Gas prices are starting to climb again after months of slowly falling. A Lundberg survey found gas prices climbed 8 cents in the last two weeks to a nationwide average price for $1.86 unleaded gasoline. The low of $1.66 occured five weeks ago according to Lundberg. Lundberg says rising oil prices are the main reason gas prices are climbing again.
"Moderately rising oil prices are the chief reason gasoline prices are up," said Lundberg. "Also, low gasoline prices did their work and have breathed a little life back into gasoline demand."
Lundberg said that for full year 2008, gasoline demand suffered shrinkage of 3.5 percent but that after the five-month price crash, demand's latest decline is just 0.6 percent.
The AAA's Fuel Gauge Report also has the nationwide average gas price up about 20 cents in the last month.
The Wall Street Journal says the price increase is a delayed reaction to refiners cutting back production late last year.
Posted on January 25, 2009
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