Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Gas prices creep up near $2 mark

A gallon of self-serve regular costs an average of $1.94, up 2.6 cents from two weeks ago, reports the Lundberg Survey.

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) -- Prices at the pump have edged up slightly over the past two weeks, bringing the national average close to $2.00, according to a survey published Sunday.

A gallon of self-serve regular costs an average of $1.94, the Lundberg Survey said. That's up 2.6 cents from the price two weeks ago.

Gas prices have been climbing since they bottomed out in mid-December, but the rate of increase has slowed steadily, said survey publisher Trilby Lundberg.

The price is still $1.16 below where it was a year ago, and $2.17 below the record high it reached last July, Lundberg said. It's about 40 cents below the price at this time two years ago.

Crude oil prices have been relatively stable in recent weeks. "Supply remains abundant, and there is a lot of unused refining capacity," Lundberg said.

Meanwhile, with relatively low gas prices, "our gasoline demand has made a comeback from extreme shrinkage to break-even, compared to a year ago," Lundberg said.

Preliminary estimates from the government suggest gasoline demand may now be slightly ahead of what it was a year ago, Lundberg added.

If crude oil prices stay steady, "then gasoline prices should also be comparatively stable" in the near-term, Lundberg said.

The survey tallies prices at about 5,000 gas stations nationwide.

The city with the lowest average price in the latest survey was Cheyenne, Wyoming, at $1.60. The highest average was in Anchorage, Alaska, at $2.39.

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

Honolulu, Hawaii - $2.36

Portland, Maine $1.98

Boston, Massachusetts $1.92

Baltimore, Maryland $1.88

Atlanta, Georgia $1.88

Miami, Florida $2.01

El Paso, Texas - $1.97

Denver, Colorado - $1.81

Omaha, Nebraska - $1.84

Seattle, Washington - $2.21

San Diego, California - $2.27 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:
More Galleries
Utilikilts makes kilts with pockets and belt loops in Seattle shop Founder Steven Villegas has been running the business for 16 years hoping utility kilts will one day be mainstream menswear. More
World's Top Employers for New Grads For an exclusive CNNMoney list, research firm Universum Global surveyed business students at colleges around the world to see where they most want to work. More
Brexit voices: In or out? CNNMoney speaks to British people to find out their views ahead of the referendum on EU membership. More
Sponsors