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The average price for a gallon of self-serve, regular gasoline climbed 8 cents during the past two weeks, but future price increases should be “moderate,” according to the Lundberg Survey, as reported by CNN.com.
In its report issued Friday (April 5), the Lundberg Survey found that the national average price for self-serve regular climbed during the past two weeks to $1.43 a gallon.
During the first two weeks of March, gas prices climbed more than 14 cents.
However, Trilby Lundberg, publisher of the survey, said crude oil and gas supplies appear to be adequate heading into spring, when Americans drive more miles, according to CNN.com. “If the situation holds, any further gas price increases would be more moderate,” she reported.
Despite the recent increases, gas prices are less than they were a year ago, when the average was $1.51 a gallon. The recent price increases represent “a recovery from last fall’s price crash,” she said.
Increases in the price of crude oil accounted for about 5 cents of the recent 8 cents a gallon increase, Lundberg believes.
In addition to more demand from motorists, gas prices are increasing because the nation’s economy is strengthening, Lundberg added.
The Atlanta area has the cheapest gas at $1.27 a gallon, according to the Lundberg Survey of 7,000 gas stations nationwide. San Francisco has the most expensive gas at $1.65 a gallon.
Here are the prices of a gallon self-serve regular at some other major metro areas: $1.64 in Chicago; $1.59 in Los Angeles; $1.48 in Miami; $1.46 in Washington; $1.43 in Detroit; $1.39 in Boston and $1.36 in Birmingham, Ala.