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News > Economy
Enduring high gas prices
May 9, 2001: 3:16 p.m. ET

The average retail price over the past two weeks jumped to an all-time high
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NEW YORK (CNNfn) - A gallon of gas has never cost this much. The average retail price over the past two weeks spiked more than eight cents to $1.76 a gallon, an all-time high not adjusted for inflation.

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In Chicago, a gallon of regular gas is well above the national average, costing more than $2. Prices are so high because it costs more to produce the cleaner-burning grades of gas required in the summer months. Refineries are also having trouble catching up with demand.

CNNfn's Lisa Leiter reports from the city paying most at the pumps: Chicago. graphic




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