April 11th, 2010
04:58 PM ET

Gas prices increase nearly 4 cents

Prices at the pump are up nearly 4 cents in the past three weeks, continuing a trend of rising prices since mid-February, according to a survey published Sunday. The national average national for a gallon of gasoline is $2.85, Lundberg Survey found in the survey conducted April 9.

The rise in price coincides with a rise in crude oil prices in past three weeks. Crude prices rose the equivalent of 10 cents a gallon.

Although not assured, the trend points to a possible national average of $3, said survey publisher Trilby Lundberg.

The biggest determinate of whether gas prices will hit the $3 mark will be oil prices, she said.

"If it does (hit $3), it will be crude oil that does it, because gas demand continues to be very weak," Lundberg said.

While demand for gasoline typically increases in the summer months in the United States, high unemployment rates will keep demand weak, she said.

The current average price is 80 cents above the price of a gallon of self-serve a year ago, Lundberg said. The survey tallies prices at thousands of gas stations nationwide.

The city with the lowest average price in the latest survey was Newark, New Jersey, at $2.64. The highest was Honolulu, Hawaii, at $3.43.

Here are average prices in other cities:
Chicago, Illinois – $3.15
Portland, Oregon – $2.92
Portland, Maine – $2.88
Boston, Massachusetts – $2.80
Des Moines, Iowa – $2.79
Tucson, Arizona – $2.77
Atlanta, Georgia – $2.74
Salt Lake City, Utah – $3.01
Denver, Colorado – $2.68

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Filed under: Economy • U.S.
soundoff (66 Responses)
  1. Dave M.

    Where are all the liberals screaming about the high prices, and blsming Obama. Everytime gas went up during the bush years they were in an uproar.

    April 11, 2010 at 5:21 pm | Report abuse |
  2. Anonymous

    I love it...gas demand is weak, prices go up. Gas demand is high, prices go up. I hate the oil industry.

    April 11, 2010 at 5:25 pm | Report abuse |
  3. Cee

    Gee, color me surprised. Historically gas prices slowly rise starting just after Easter and all the way to Memorial Weekend. Then they hover around their highest prices when people are planning vacations and travelling more. Funny how that works...

    My bet is the price of crude oil will be inflated, yet again, and come the end of Summer we will begin to see a drop in prices back to, oh, maybe another 5 cents above where they were the year before...

    This is the only way the oil compaines, and gas station owners can rasie prices...slowly but steadily, and using every ruse possible...

    But again this is historic..right after Easter to Memorial Weekend... watch them rise then level off..

    April 11, 2010 at 5:29 pm | Report abuse |
  4. The swede

    Terrible news of course. Here in Sweden the price is approximately $7 a gallon...Just to provide som perspective.

    April 11, 2010 at 5:33 pm | Report abuse |
  5. Bill

    WHat a bunch of b.s. by the oil companies. Oil is cheaper than it has been, but the price of gas NEVER went down to levels before the price gouging. Right now gas shouldn't be above $2.00....

    Hey Obama?!? How about we "change" something for the better instead of passing all this socialist b.s.

    April 11, 2010 at 5:39 pm | Report abuse |
  6. Dean

    After what bernanke has done to the value of the dollar it will be well over 3 dollars this summer.

    April 11, 2010 at 6:00 pm | Report abuse |
  7. cortez

    We need to protest to the Gas company CEOs that are getting all the bailout stimulus.

    April 11, 2010 at 6:09 pm | Report abuse |
  8. RP

    There is no free market, no supply and demand forces at work here. Just pure brazen price fixing by the NWO bankers. They are busy bleeding the world economies as we all inch toward bankruptcy.

    April 11, 2010 at 6:23 pm | Report abuse |
  9. sax

    Its the same ol' game......slowly rising for the memorial day holiday travel season. They (oil companies) know they cant gouge us all at once!

    April 11, 2010 at 6:29 pm | Report abuse |
  10. Robert John

    Count yourselves lucky, here in Wales it's gone to to (converted from £1.20 a litre) to $8.20 a gallon this week!

    April 11, 2010 at 6:41 pm | Report abuse |
  11. Doug

    I am amazed that gas prices keep going up. I've heard it's because of the "growth" in India and China but I doubt they grew fast enough to warrant the doubling of oil prices. Prior to the war in Iraq gas was $1.35 in Texas. After I got back it was $1.53 and kept going up. I understand about the damage to our oil industry due to the hurricanes in the gulf. I think the high prices are due to the oil companies dragging their feet in repairing their platforms and their refineries so they can keep pricese artificially high and condition the U.S. to higher prices and increase their profits. There is no other practical explanation. That being said, how come we are trying to use more Natural gas? Why is no one seriously looking at hydrogen as a fuel? What will it take to drive energy prices back down to practical levels?

    April 11, 2010 at 6:54 pm | Report abuse |
  12. Matt Cunha-Rigby

    gas prices should be 10 dollars gallon. maybe then we can finally embrace alternative transportation.

    April 11, 2010 at 6:58 pm | Report abuse |
  13. charlene

    Seward, AK = $3.76 (or something around there)

    April 11, 2010 at 7:04 pm | Report abuse |
  14. margaret

    Does it seem that when gas prices go up the stocks does real good.

    April 11, 2010 at 7:14 pm | Report abuse |
  15. Bill Dempster

    Has anyone else noticed the contradictions in the two stories on this page. Gas prices continue to rise, but oil prices plummet? I'd sure like to know who is making a fortune on that monetary gap. I've heard so many feeble explanations on why gas prices rise and fall as they do. I really don't believe, nor can I stomach, the reasons that are given. It is simply a game of cat and mouse with the consumer (trapped into paying whatever the price is at the pump), being the doomed rodent.

    So many instances of wealth and power ruling the government, the economy, and the world.

    Makes one wonder what there is to be positive about.

    April 11, 2010 at 7:18 pm | Report abuse |
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