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. Gordon

    C'mon up here to Vancouver, Canada where our gas (regular) runs about US$4.30 a US gallon. It is averaging C$1.129 per liter, and there are 3.8 liters per US gallon (4.4 per Imperial gallon). As our dollars are pretty much at par right now, we are paying around C$4.97 per gallon (Imperial). Now stop your complaining. Canada is a major oil producer, and the USA's biggest source of oil, and we pay more than you. Go figure.

    April 12, 2010 at 12:38 am | Report abuse |
  2. Richard G Rummings

    We have seen the result of suppy and demand. When people wernt driving that much prices went down below 2.00gal. We need to curve our consumption a couple days a week and stick it back up the arabs butt for their greed. We need to do this and watch them sweat!

    April 12, 2010 at 1:37 am | Report abuse |
  3. TJ

    Reduced gs prices at this poing would not be beneficial to the economy.
    America's move to smaller fuel efficient cars would be slowed or reversed.

    April 12, 2010 at 3:48 am | Report abuse |
  4. Frank

    Why is it that gas prices are not fluctuating as much as they were during Bush's term?

    April 12, 2010 at 4:12 am | Report abuse |
  5. frknight

    Of course the less demand the higher the price will go. You don't expect the oil companies to not make record profits. It is just like everything else. Sell less make more. Just like at the movies. Bag of pop corn and a coke $12.00. Fewer people buy them and eventually less people go to the movies.

    April 12, 2010 at 5:03 am | Report abuse |
  6. Steven P

    Remember when our president was not unhappy when we were paying $4 per gallon?

    April 12, 2010 at 5:42 am | Report abuse |
  7. Choomba

    hmm...oil prices go up but not because of a need for gas...someone tell me why there an increased need for oil please?

    April 12, 2010 at 6:13 am | Report abuse |
  8. robert h

    we need to band together throw those bumbs out of washington dc you dont seing them doing anything about those high gas prices and you want either.

    April 12, 2010 at 6:32 am | Report abuse |
  9. Frank S

    Obama wants to regulate anything and everything so how about GAS! THE PRICE BEFORE THE ELECTION WAS UNDER 2.00 ! How about giving a hug to your pal Chavez where gas in Caracas is about 20¢ a gallon? ! !
    And when will the Iraji refinerys be back online? YOU "IDIOT MASSES' DO KNOW THIS IS HOW WE WILL BE REPAYED FOR TOPPLING SADAM?
    THIS COUNTRY SHOULD BE SCREAMING AT THE TOP OF IT'S LUNGS AT THIS.
    But you don't want to drown out the salesman who is selling you that Hummer or Expedition.

    April 12, 2010 at 7:00 am | Report abuse |
  10. Kent C.

    Of course fuel prices are up - the age of Keynesian economics has gone the way of the Age of Aquarius in Corporate America. Got to keep those profit margins up in the face of declining demand. What's a CEO to do? Why, cut production, of course, and artifically inflate the price at the pump. Besides, those doggone electric cars keep proliferating like rabbits, threatening that black treasure in the ground today that's destined to be tomorrow's energy resource of yesterday. Got to get those bucks while we can - eh, Exxon-Mobile-Chevron-Texaco-BP but not me?"

    April 12, 2010 at 7:01 am | Report abuse |
  11. Pekka

    Gas is WAY too cheap in the US. Gas prices are not a reason for recession; rising oil prices are merely a sign of economic recovery. Crude oil price peaks at the top of economic boom, and after the top of the boom you get a recession, but that doesn't mean that the gas price was a reason for the recession. The biggest reason for trouble in the US is debt and housing bubble.

    The cheap gas in US encourages to use resources wastefully – e.g. drive too large vehicles. You don't need to believe in the global warming hype to realize that pouring money out of the US towards truly repressive regimes – Venezuela, Arabian peninsula, Libya, etc- to realize that dependency on foreign oil is not good for the US. It gives money to your enemies, and it takes away money from yourselves.

    A federal gas tax, to be raised gradually, would help the huge public budget deficit that the US has, and people and businesses could gradually start to adapt to higher oil prices, which will come anyway, because fossil oil reserves will be depleted in a few centuries.

    April 12, 2010 at 7:06 am | Report abuse |
  12. Dingus

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

    Yes but you'll be one of the first to cry when your organic vegan soy burgers triple in price due to the increased shipping costs.

    April 12, 2010 at 7:30 am | Report abuse |
  13. bryan

    dont pump gas...if 200,000 millions of people dont pump the gas today...stock market will be "free fall" to crash and oil will give us what we want to see is a low price...then you will see stock market will raise higher interest on yall for being fool them!

    April 12, 2010 at 8:02 am | Report abuse |
  14. A Conservative

    Proabably due to Obamas close ties to big oil.

    April 12, 2010 at 8:02 am | Report abuse |
  15. Tim L

    people when will you learn. It is MIND OF MATTER. The oil companies dont mind raising prices because we dont matter. They see there bottom line and that is it. the oil companies made billions in profits when gas hit its max at 4\gallon. Look at diesel fuel it is a by product that is easier to produce, which was historically alway cheaper that gasoline, now look at it, it runs 20 to 30 cents more a gallon now the gasoline. Well guess what that is BS. This is where we get hit the most, Because 98% of all good are delivered VIA Tractor\trailer guess what they burn diesel, They the trucking companies have to increase there delivery fee's to cover higher fuel cost for diesel, then the retail stores increase there prices to offset delivery charges and BOOM what happens we pay more for our consumables, Go back and look at how prices jumped after 9\11. I want to know why they are allowed to trade oil on speculation of oil furture. The people that are speculating are the ones that cause evrything to go up.

    April 12, 2010 at 8:15 am | Report abuse |
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