National Average Price For Gas Up Nearly 13 cents

Sunday, February 25th 2007, 4:27 pm
By: News On 6

CAMARILLO, Calif. (AP) _ Gasoline prices soared nearly 13 cents a gallon on average nationwide in the past two weeks as the price of crude oil rose.

The national average for self-serve regular was $2.35 per gallon, up 12.8 cents since Feb. 9, industry analyst Trilby Lundberg said Sunday.

The average for midgrade was $2.46 per gallon, and premium was $2.56, according to Lundberg's latest survey of 7,000 gas stations across the country.

Oil prices reached a new high for the year Friday. Light, sweet crude for April delivery added 19 cents to settle on the New York Mercantile Exchange at $61.14, its highest closing price since Dec. 22.

The cheapest gas in the country was found in Salt Lake City, where a gallon of self-serve regular was $2.12. The highest average price in the nation for self-serve regular was in San Francisco at $2.84.