Gas Crunch Special report:
Gas Crunch +Full coverage

Gas prices hit another record

Prices at the pump climbed 5 cents over the past 2 weeks to reach an all-time high.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
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 national average price for a gallon of regular unleaded gasoline rose to a record high of $3.33, up one and five-tenths of a cent from the previous day's record-setting price of $3.32, AAA reported Monday.

A report out Sunday by Publisher Trilby Lundberg found that gas prices jumped more than 5 cents in the past two weeks, reaching $3.32 per gallon for the first time.

The latest Lundberg Survey, carried out April 4, tallied prices at about 5,000 gas stations for the past two weeks.

Lundberg blamed the increased prices on higher crude oil and ethanol prices at a time of weak gasoline demand. The government has mandated retailers to sell a higher percentage of ethanol, and Lundberg said she does not expect the prices of crude oil and ethanol to go down any time soon.

Also, while demand for gasoline has increased during the longer days of spring, Lundberg said drivers are using less gasoline this year compared to the same time last year.

"This is a key reason why I expect prices to jump from here," Lundberg said.

At $3.03, average prices in Newark, New Jersey, were the nation's lowest. Drivers in San Francisco, California, where the average price was $3.72, paid the most.

Here are average prices of a gallon of self-serve regular in some other cities:

Boston, Massachusetts: $3.17

El Paso, Texas: $3.20

Salt Lake City, Utah: $3.21

Atlanta, Georgia: $3.24

Des Moines, Iowa: $3.33

Miami, Florida 3.37

Seattle, Washington $3.44

Chicago, Illinois: $3.52 To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
50 years of the Ford Mustang Take a drive down memory lane with our favorite photos of the car through the years. More
Cool cars from the New York Auto Show These are some of the most interesting new models and concept vehicles from the Big Apple's car show. More
8 CEOs who took a pay cut in 2013 Median CEO pay inched up 9% in 2013 to $13.9 million. But not everyone got a bump last year. Here are eight CEOs who missed out. More


Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. 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.