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. John

    A lot of silly posts here, particularly from people like comment 44 and then by default any comment complaining about Obama or Bush. And the rest of you in other countries it's your own fault you are paying so much for gas. It's because you love your taxes and have allowed the government to pile on more onto your gas prices. So the fellow paying almost $9/gallon in Wales frankly I'm just laughing at you. It's your own fault.

    "Why is no one seriously looking at hydrogen as a fuel?" R&D is happening for it but it's still mainly magic fairy dust. It's a future tech. Current tech _today_ can reasonably cut fuel consumption. The current generation Prius costs $22-23k and gets 51 mpg city/48 highway. Yes, really. Why aren't they sold more? Because people are, when push comes to shove, not interested in a slower car, so they continue to guzzle gas getting 21 mpg and at the same time complain science hasn't given them a viable alternative.

    April 12, 2010 at 8:22 am | Report abuse |
  2. mike

    The gas and oil companies are nothing more than a legal cartel which under any administration holds the keys to the banks. Republican or Democrat we are all getting screwed. Someone expels a little gas anywhere in the world and there is an immediate price hike at the pumps. A couple of months ago the price for a barrel of oil dipped and the media reported it could take weeks for the price reduction to hit the pumps. Yet, due to the bailout program for Greece, which is still in the works, we see a sudden increase of around 3 cents per gallon.
    Although we only get around 20 percent of our oil from the Middle East, the cartel has total control over the world wide pricing structure.
    Every major oil company continues to record billions of dollars of profit each year, and still they are recipients of tax cuts and tax breaks. I expected this from the Bush administration since that is where their family income originates. Highly disappointed in the Obama administration since they perpetuate the price gouging of the american people.
    Before you even answer: Yes, it is a capitalistic society. Yes, companies are in business to make a profit. Yes, it is a free market. Do your research on the amount of taxes paid by the major oil companies in the U.S. and then compare the percentages to your own. Not pretty or fair.

    April 12, 2010 at 8:23 am | Report abuse |
  3. John

    4 cents!?! 2.64 in the morning on the way to work and 2.79 in the afternoon on the way home. Just a tad bit more than 4 cents I think...but this could be using Hussein math and if that is the case I should be getting money back.

    April 12, 2010 at 8:24 am | Report abuse |
  4. Arr Matie

    A shiek must need to build another sky scraper in Dubia so let's raise gas prices again.

    April 12, 2010 at 8:42 am | Report abuse |
  5. mrhapiguy

    Get a more efficent vehicle.

    April 12, 2010 at 8:45 am | Report abuse |
  6. Michelle

    There should be targeted tax increases for individuals and status quo taxes for the transportation of goods. Taxes are used to influence behavior and I think most people agree that we need to reduce our dependence on oil. Higher gas prices for individuals will change behavior by persuading more people to switch to fuel-efficient cars; however I agree that companies that have no choice but to transport their goods should not bear a hike in gas taxes. By isolating consumers rather than producers, we can change our behavior while staving off inflation by keeping transportation costs stable for producers.

    April 12, 2010 at 8:56 am | Report abuse |
  7. Martin - London

    US$3 a gallon is a bargain! Here in the UK the average price is now £1.20 a litre (US$7.30 a gallon). In Central London we pay over US$8 a gallon.
    Yet people still manage to survive and 85% of people in central London commute by public transport, walking or cycling.
    Walk through london and bikes and electric cars are becoming more common by the day. Announcemnets of new electric car and truck plants bring hope of new jobs to the north of the country and we may help the enviroment too!

    April 12, 2010 at 12:25 pm | Report abuse |
  8. BJohn

    Seems like 2008 all over again. We all can get ready for the economy to tank one more time.... Didnt anyone learn from the past couple years? Gas prices go up, people run out of money and stop paying mortgages which leads to the mess we are in now with real estate. Enough Said.

    April 13, 2010 at 3:36 pm | Report abuse |
  9. KayDC

    In the UK we are currently paying the equivalent of $6.83 per gallon (US), so $3 per gallon would be a dream for us. Strangely enough, absolutely nobody has been demonstrating about the ridiculously high gas prices in my country, yet a few years ago when gas prices rose to the equivalent of $4.75 per gallon, crowds of people blockaded gas refineries and depots in protest. I guess we have just become used to gas companies and our own government (which apparently takes about 85% of the cost of a gallon of gas in tax) ripping us off!

    April 20, 2010 at 6:55 am | Report abuse |
  10. anonymous

    They passed a bill at the last minute several years ago during the .... administration that allows stock brokers to look into a crystal ball and tell us that gas will be in demand in the near future and suddenly the oil goes up to the high 80s a barrel on someones whim. Until that bill is overturned we are sitting ducks.

    At one time it was discussed that we should all stay home a couple weekends a month and not drive during that time. Yes this would lower gas prices the stuff is perishable they need to move it back up the works and the price will go down. What ever happened to Americans standing up and fighting back its time we did this! higher gas prices are doing damage to the economic recovery of this country.

    April 27, 2010 at 11:25 pm | Report abuse |
  11. Zoe Murphy

    Gas prices these days are just getting higher, i think the government should focus more on alternative energy.`~.

    May 11, 2010 at 4:45 pm | Report abuse |
  12. Thomas

    Here in St.Louis Missouri gas havs increased in just three days from $2.60 to today ( 06/19/2010) $2.89. What is the reason for this increase. AAA auto club is always reporting the decrease in gas priceing but say nothing about these types of increase. Something has to be done to stop this type of practice.

    June 20, 2010 at 8:03 pm | Report abuse |
  13. Miya

    I JUST FILLED UP TODAY AND IT COST $3.21 A GALLON. DONT CHA JUST LOVE THESE PRICES? GOOD THING IM AN UNEMPLOYED STUDENT WITH NO SOURCE OF INCOME OR ELSE I WOULD BE IN TROUBLE.

    September 6, 2010 at 10:07 pm | Report abuse |
  14. Isla Watson

    gas prices are still on the rise today, we should go Alternative Fuel'",

    October 1, 2010 at 4:47 pm | Report abuse |
  15. Bench Saw 

    gas prices would steadily go up and the supply dwindle and the saudis like to increase their profit margin`~'

    October 18, 2010 at 4:05 pm | Report abuse |
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