News
Gas prices rise 18 cents nationwide
Posted: Aug 12, 2012 2:48 PM by Matt Stafford
CAMARILLO, Calif. (AP) - The average U.S. price of a gallon of gasoline has increased 18 cents over the past two weeks.
The Lundberg Survey of fuel prices puts the average price for a gallon of regular at $3.69, about 8 cents higher than the same time last year.
Nationally, a gallon of mid-grade averages $3.84 and premium $3.96.
Analyst Trilby Lundberg attributes the increase to the high cost of crude as well as the partial loss of production at a refinery in Northern California.
Tucson, Ariz., has the nation's lowest price at $3.18, while Chicago had the highest at $4.23.
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