Gas prices near all-time high

The average price of gasoline is just nine cents below the inflation-adjusted peak set in 1981; new record likely in coming weeks.

Subscribe to Economy
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

(CNN) -- The price of gasoline has jumped another 13 cents in the last two weeks, close to the all-time high set earlier this year, according to a survey published Sunday.

The average price of a gallon of self-serve regular is $3.09, the Lundberg Survey found. That's just 9 cents below the record set in May.

The latest price is also 9 cents below the inflation-adjusted all-time high, said survey publisher Trilby Lundberg. In 1981, the price peaked at $1.35 -- which, in today's dollars, comes out to $3.10 using the latest Consumer Price Index data, she said.

Don't be surprised if the records are shattered in the coming weeks, Lundberg said. Even if crude oil doesn't climb further, "we can easily see another dime at the pump," she said, "because refiners are severely squeezed between their oil buying price and their gasoline selling price."

The survey looked at thousands of gas stations nationwide on Friday, two weeks after the previous survey. The lowest average price for a gallon of self-serve regular was in Tucson, Ariz., at $2.91; the highest was in San Francisco, at $3.48.

Here are prices in some other cities:

Des Moines, Iowa - $3.02

Manchester, N.H. - $2.97

Houston - $2.90

St. Louis - 2.96

Salt Lake City - $2.97

Atlanta - $3.03

Washington - $3.08

Portland, Ore. - $3.10

Miami - $3.17

Hartford, Conn. - $3.20 To top of page

Photo Galleries
For sale: Steve McQueen's 1967 Ferrari The red 1967 sports car is expected to fetch millions at auction. More
The 13 most WTF gadgets From the weird to the gross, these 13 gadgets will make you wonder why they even exist. More
Best-loved cars in America These cars and trucks topped J.D. Power's APEAL survey, which measures how much owners like their new vehicles. More
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.