Gas prices see biggest jump of the year, $3.69 nationwide average

gas-prices

(CNN) — Gas prices jumped 18 cents over the past two weeks, the biggest jump of the year, according to a survey published Sunday.

The average cost of a gallon of regular is $3.69 nationwide, the Lundberg Survey found.

That’s nearly 8 cents higher than a year ago, but still 28 cents lower than it was in April of this year.

“Higher crude oil prices, higher corn-based ethanol prices, plus a spate of refinery and pipeline problems around the country combined” are behind the spike, said publisher Trilby Lundberg.

The U.S. drought is pushing up prices for all corn-based products.

It’s impossible to predict what will happen with gas prices in the near future, Lundberg said. “The refinery and pipeline issues that have added to the price rise are certainly temporary in nature. But the other two — the ethanol price rises and the higher crude oil prices — aren’t so easily dismissed as immediately temporary.”

But, Lundberg said, she doubts prices will jump this quickly in the near future because many of the refinery issues are being resolved.

The Lundberg Survey tabulates prices at thousands of gas stations nationwide.

The city with the highest average in the latest survey was Chicago, at $4.23.

The lowest was in Tucson, Arizona, at $3.18.

Here are average prices in some other cities:

-Boston, Massachusetts – $3.74

-Charleston, South Carolina – $3.43

-Atlanta, Georgia – $3.64

-Indianapolis, Indiana – $3.84

-Denver, Colorado – $3.45

-Tulsa, Oklahoma – $3.54

-Portland, Oregon – $3.74

-San Francisco, California – $4.06

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 1,388 other followers