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Gas prices rise - first time since July

Price at the pump tick up as summer hurricane season is in full swing.

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By Kenneth Musante, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) -- Gasoline prices rose for the first time in more than a month, according to a nationwide survey of gas station credit card swipes Friday.

The average price of regular unleaded gasoline rose nine-tenths of a cent to $3.669 a gallon from $3.66 a day earlier, according to motorist group AAA and the Oil Price Information Service.

The price increase is the first in more than 40 days since falling from a record high of $4.114 a gallon set July 17.

Gas prices had been following an 18% decline in the price of crude oil - the main ingredient of gas.

Overall, gas prices have fallen off their highs in recent weeks. But prices at the pump are still 33% above the same time last year, when a gallon of gas cost $2.769. To top of page

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Markets Last Change
Dow Jones 10,474.75 9.82 / 0.09%
Nasdaq 2,270.06 17.39 / 0.77%
S&P 500 1,121.07 3.05 / 0.27%
10-year Bond 96 31/32 Yield: 3.74%
U.S.Dollar 1 euro = $1.434 0.009
December 23, 2009 2:19 PM ET
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Dec 23 2:14pm ET †
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