Gas prices nationwide up nearly 13 cents per gallon

02/25/2007

From the Associated Press
2:25 PM PST, February 25, 2007


Gasoline prices soared nearly 13 cents a gallon on average nationwide in the past two weeks as the price of crude oil rose.

The national average for self-serve regular was $2.35 per gallon, up 12.8 cents since Feb. 9, industry analyst Trilby Lundberg said Sunday.

The mid-grade average was $2.46 per gallon and premium was $2.56, according to Lundberg's latest survey of 7,000 gas stations across the country.

On Friday, oil prices reached a new high for the year. Light, sweet crude for April delivery added 19 cents to settle on the New York Mercantile Exchange at $61.14, its highest closing price since Dec. 22, 2006.

The cheapest gas in the country was found in Salt Lake City where a gallon of self-serve regular was $2.12. The highest average price in the nation for self-serve regular was in San Francisco at $2.84.

California prices jumped 16 cents in the past two weeks to $2.73 a gallon, according to the report. Among the cities surveyed, the lowest price was in the greater Los Angeles region at $2.66.