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Tuesday, 26 February 2008 00:43

Gas Prices Jump Even Higher

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GasonlineThe national average price for gasoline jumped 16 cents over the last two weeks, according to a survey released Sunday. The average price of self-serve regular gasoline on Friday was $3.10 a gallon, mid-grade was $3.22 and premium was $3.33, according to the Lundberg Survey of 7,000 stations nationwide. Of the cities surveyed, the cheapest price was in Phoenix, where a gallon of regular cost $2.87, on average.

GasonlineThe highest was in Honolulu at $3.37. Gasoline prices have risen sharply nationwide in recent days in response to oil's dramatic climb to a new record above $101 a barrel, leaving many analysts believing gas prices will rise this spring to new records near $3.75 or $4 a gallon this spring. Sacramento gas prices averaged $3.35 a gallon Sunday, according to AAA. That's up from $3.15 a month ago. Prices are similar in Stockton. In Modesto, gas was $3.30 a gallon on average and just below that in Amador County. The state's highest prices were in San Francisco where gas was going for $3.61 a gallon, on average. It was cheapest in Orange County where it was selling for $3.25 a gallon.

 

ABC contributed to this story

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