Gas Prices Surge 33 Cents, Expected to Keep Increasing

Gas prices across the US have skyrocketed recently. A new survey of US fuel prices says the average price of regular gasoline in the United States has jumped 33 cents per gallon in the last two weeks, the second biggest price increase over a two-week span on record. Gas prices are expected to continue rising, according to the fuel price survey.

The latest Lundberg Survey, released Sunday March 6, 2011, found that gas prices have risen nearly 82 cents since September 2010. Today the average price of self-serve regular gasoline is $3.51; the average price for mid-grade is $3.64, and premium gas is at $3.75. Diesel fuel is up 29 cents, to $3.88 a gallon.

The drastic increase in gas prices is largely due to a violent struggle in Libya, one of the world’s major oil producers. “This time around, the spike comes not from nature, but from people,” said Trilby Lundberg, pubisher of the survey. “The armed struggle in Libya has shocked international oil markets and here it is at the pump.” As the fighting between opposition forces and Libyan leader Moammar Gadhafi’s troops begins to look more like a civil war, expect prices to continue to rise,” she said.

California is experiencing the highest gas prices in the US, as the average price in the state remained below $4, at $3.83 per gallon for regular gas. Among the cities surveyed, San Diego had the highest average gas price in the US. Gas prices in San Diego were at $3.87. Billings, Montana had the lowest average gas price at $3.15 a gallon for regular self-serve.

Today’s average price per gallon of gas  in major US cities:

-Charleston, South Carolina: $3.32

-Houston: $3.36

-Atlanta: $3.43

-Boston: $3.48

-Las Vegas: $3.51

-Seattle: $3.60

-Chicago: $3.75





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