Monday, October 24, 2011

Gas Prices Edge Back Up


Gas prices have jumped again, ending a downward slide, according to the Lundberg Survey. The average price of a gallon of self-serve regular gasoline is $3.47, up five cents over the past two weeks. From early September to early October, the price had dropped 25 cents. The new spike follows a moderate rise in crude oil prices as well as a dramatic increase in the cost of ethanol. The price is 64 cents higher than it was a year ago. The city with the lowest average price in the latest survey was Albuquerque, at $3.15. The highest was Los Angeles, at $3.86. Here are average prices in some other cities:

Boston $3.55 Denver $3.47
Atlanta $3.45 Tulsa $3.30
Chicago $3.55 Seattle $3.81