Gas prices rise 18 cents nationwide thanks to high crude prices


Associated Press

Posted on August 12, 2012 at 4:01 PM

Updated Monday, Aug 13 at 3:01 AM

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.

%@AP Links

208-w-28-(Diane Kepley, AP correspondent, with oil industry analyst Trilby Lundberg)--The cost of filling up the tank continues to climb. AP correspondent Diane Kepley reports. (12 Aug 2012)

<<CUT *208 (08/12/12)>> 00:28

209-a-14-(Trilby Lundberg, oil industry analyst, in AP interview)-"far this year"-Oil analyst Trilby Lundberg says gas prices continue to increase nationwide. (12 Aug 2012)

<<CUT *209 (08/12/12)>> 00:14 "far this year"

210-a-12-(Trilby Lundberg, oil industry analyst, in AP interview)-"around the country"-Oil analyst Trilby Lundberg says dry conditions across the country are having an impact on gas prices. (12 Aug 2012)

<<CUT *210 (08/12/12)>> 00:12 "around the country"

211-a-13-(Trilby Lundberg, oil industry analyst, in AP interview)-"April 6th price"-Oil analyst Trilby Lundberg says, despite the recent spike, gas prices are still lower than spring-time highs. (12 Aug 2012)

<<CUT *211 (08/12/12)>> 00:13 "April 6th price"