Average US price of gas spikes 5 cents per gallon to $2.97


2 photos
Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline jumped 5 cents a gallon (3.8 liters) over the past two weeks, to $2.97.

Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that gas prices have spiked 66 cents since early January.

But Lundberg says dropping crude oil costs could mean that prices at the pump will soon stabilize.

The highest average price in the nation is $4.14 a gallon in the San Francisco Bay Area.

The lowest average is $2.45 in Baton Rouge, Louisiana.

The average price of diesel rose 3 cents over the past two weeks, to $3.17.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast