California Still Has Highest Average Gas Prices
U.S. Gas Prices Climb Another 3 Cents Per Gallon
POSTED: 4:18 p.m. EDT April 25, 2004
UPDATED: 4:19 p.m. EDT April 25, 2004
LOS ANGELES -- U.S. gasoline prices climbed another 3 cents per gallon in the past two weeks on the strength of high crude oil prices, tight capacity and soaring demand, an analyst said Sunday.
The nationwide average for all gasoline grades, including taxes, was nearly $1.86 per gallon on Friday, up 3.07 cents from April 9, according to the Lundberg Survey of 8,000 stations nationwide.
The average price "has broken all-time record highs for two months straight," although it remained about $1 a gallon lower than the peak price of March 1981 when adjusted for inflation, Trilby Lundberg said.
Since Dec. 19, the average gas price has risen 34.55 cents, she added.
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