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. Steve

    And every year they have record profits. There may be bad years for people but never the oil/gas business.

    April 11, 2010 at 7:21 pm | Report abuse |
  2. Conrad

    This has nothing to do with supply and demand, and has all to do with speculation on the futures market. Until this is regulated, we will never see the end of rising gas prices.

    April 11, 2010 at 7:25 pm | Report abuse |
  3. dave

    With gas prices on the rise it will keep demand low as people just cannot afford to travel.

    April 11, 2010 at 7:54 pm | Report abuse |
  4. KenC

    Of course gas is going up. Summer is here and people will travel. The only way to get gas price down is when our government get serious about the economy and force it to happen. That is the one thing that will actually boost our economy. If you question this, look at the history of gas prices. The fallout of high gas prices is extreamly detrimental on tourism and the states and towns that depend on this income. Take a look at what has happened to Branson Missour.

    April 11, 2010 at 8:08 pm | Report abuse |
  5. WT

    This is not newsworthy information since we all know the price of gas is variable. A $0.04 fluctuation? We're really seeing this as headline news? Please post a more significant story next time, CNN. Don't waste your readers' time.

    April 11, 2010 at 8:28 pm | Report abuse |
  6. mb

    Here we go again! It's about time for the greedy gas companies to grab some more horrendous profits. If you think this will help the recovery of the recessions and those looking for jobs or trying to stay in their house,your nuts. I can't believe the American public did not speak out about this at the start of the recession. It was part of the problem that caused the recssion, not just the fat cats on Wall St. It seems they have no problem or conscience fleecing the middleclass,if that's what we are anymore. I have just about had it with the ploiticans and the elite in this country.

    April 11, 2010 at 8:35 pm | Report abuse |
  7. Patriotson

    Why is gas prices increasing when the US has more oil under its surface than all the middle east combined. A US Gov. report shows that we have 2 Trillion barrels of oil under the Rocky's and Montana. Are we being held hostage to the environmental terrorist who have stopped drilling in the US? The EPA is a government sponsored environmentalist terrorist agency, threatening the very economic viability of the US due to Obama making them a fourth arm of government with powers greater than the congress. This agency must be defunded and neutered. Gas prices are being artifically raised to prep the American public for the $7.00 per gal that Obama is destined to take us to. This is nothing but the sale out of the soul of America for a new world order. We must remember in November and start the march back from socialism to capitalism.

    April 11, 2010 at 9:00 pm | Report abuse |
  8. Saboth

    As usual, looks like speculators are driving up artificial demand again. Prices rose steadily over the winter, despite the fact demand was extremely weak, with half the country being snowed in for weeks at a time, and the recession. Since the rest of the market has picked up though, speculators have driven up the price in sync.

    April 11, 2010 at 9:15 pm | Report abuse |
  9. al

    This is BS! There is plenty of oil in the USA and also where is our payback from Iraq ? I Want some of that oil from Iraq to pay us back and fully fund the rebuilding of that Country or we completly pull out ! I'm tired of putting other Countries first ! It's time to put our People first. Ps That nuclear pact THAT WAS SIGHNED WITH rRUSSIA IS A FRIKKIN JOKE ! We better ANSWER BACK WITH ALL WE HAVE IF WE ARE THREATENED OR ATTACKED BY ANYONE !!!! USA #1 THESE COLORS DON'T RUN 11

    April 11, 2010 at 9:15 pm | Report abuse |
  10. Linda

    Are they kidding. Ours went up 20 cents last week and still up. I don't know where they live but where I am it's like a roller coaster every week. Up and down, up and down. It never stops for over three days and it can be so irritating at times. Last week it went to $2.86, today in most places it's $2.79. Gasolene roulette if you want to play. I'm glad when we go on vacation because gas is always cheaper whereever we go and on the way there....

    April 11, 2010 at 9:45 pm | Report abuse |
  11. Dave

    You can forget economic recovery if $3 becomes the norm again.

    April 11, 2010 at 10:01 pm | Report abuse |
  12. frank c

    The oil conpany are taking it out on the american people to get back at PRES OBAMA,for passing health care, and the republican are behind this.its all about politics.the american people are not that stupid.

    April 11, 2010 at 10:45 pm | Report abuse |
  13. frank

    I live in Trenton, NJ. I paid $2.54 today. Where do these numbers come from?

    April 11, 2010 at 11:11 pm | Report abuse |
  14. Jim

    In Thermopolis Wy is has risen 15 cents a gallon in the last two weeks. $2.86 a gal. here.

    April 11, 2010 at 11:30 pm | Report abuse |
  15. TIRED

    The price of barrels have gone down why hasn't gas. SOMETHING NEEDS TO GIVE I'm tired of ripped off by big buiness!

    April 12, 2010 at 12:17 am | Report abuse |
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