Skip navigation
Watchlist Sponsored By :

Current DateTime: 07:16:15 24 Apr 2009
LinksList Documentid: 24355697

Current DateTime: 07:16:18 24 Apr 2009
LinksList Documentid: 24890560
  • House And Home

      After two years in the doldrums, some are saying the property market may finally be on the verge of a rebound.

  • Your Job, Your Life

      A survival guide on the job market, from job-hunting tips to coping with unemployment to starting over in a new field.

  • Love and Money

      Money can divide a house even in the best of times, so we may all need some advice to cope during the economic crisis.

US Gasoline Price Rises 10 Cents a Gallon
By: Reuters | 12 Apr 2009 | 05:01 PM ET
Text Size

The average U.S. retail gasoline price rose about 10 cents a gallon over the past three weeks due to environmental costs linked to warmer weather, though the price was 40 percent lower than a year earlier, according to the Lundberg survey released Sunday.
Gas Pump
Mark Lennihan / AP

The average national price for self-serve regular unleaded gasoline was $2.048 a gallon on April 10, up 9.58 cents from March 20, according to the survey of gas stations.

The price was a whopping $1.27 below a year ago levels, when crude oil prices soared.

"The major cause of the rise of nearly a dime in three weeks is seasonal gasoline demand, not only because our consumption rises month by month, but because of the cost of environmental compliance," Survey editor Trilby Lundberg said in an interview.

As the weather warms, refiners are required to limit vapor pressure in order to avoid smog production.

This adds to the cost per gallon, she said. "It's already kicking in this month in some parts of the county," she said.

The cost of crude oil has remained fairly constant over the past three weeks, Lundberg said.

The lower gas prices could spur demand, which is likely to result in a rise in prices, but nowhere near the record $4.112 per gallon set on July 11, 2008, "unless there's a crude oil shock, and that does not seem likely either," she said.

The lowest price per gallon was in Newark, New Jersey, at $1.83, while Anchorage, Alaska, saw the highest at $2.40 per gallon.

Los Angeles, the biggest U.S. market for gasoline, had an average price of $2.32 per gallon.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon


Current DateTime: 06:43:25 24 Apr 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:10 24 Apr 2009
LinksList Documentid: 29779196

Current DateTime: 06:46:24 24 Apr 2009
LinksList Documentid: 29779199

Current DateTime: 01:04:10 24 Apr 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
Thomson ReutersThomson Reuters