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 up 17 cents in 2 weeks - survey

Average price at the pump rises to $2.66 a gallon, but unlikely to reach $4 level hit last summer.

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 went up nearly 17 cents over the last two weeks, according to a survey published Sunday.

The average price of a gallon of self-serve regular is $2.66, the Lundberg Survey found. The same survey found prices an average of 16.68 cents lower two weeks ago.

The price -- calculated by averaging prices at thousands of gas stations nationwide -- is $1.34 lower than the average one year ago.

Last year in June, retail gas prices were nudging the $4 mark, and stayed at that level or above until late July.

The most recent increase is not a reflection of increased demand, according to survey publisher Trilby Lundberg.

"It's a direct result of continued increases in the price of crude, with crude oil itself responding to a flight from the weaker dollar on the expectation of rising inflation from federal monetary policy," Lundberg said. "Demand is not increasing. It is shrinking."

Lundberg said there is no reason to expect gas prices will reach the $4-plus levels of last summer but "it might certainly feel that high to many consumers, especially those who are unemployed."

The city with the lowest average price in the survey was Tucson, Arizona, at $2.41, for a gallon of self-serve regular.

The highest average was in San Francisco, California, at $2.99.

Here are the average prices in some other cities:

Houston, Texas - $2.45

St. Louis, Missouri - $2.45

Denver, Colorado - $2.49

Atlanta, Georgia - $2.52

Boston, Massachusetts - $2.63

Seattle, Washington - $2.82

Chicago, Illinois - $2.92 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
Best-loved new cars of 2016 These cars are the most beloved among American drivers based on JD Power's annual survey of new vehicle buyers. More
This Indian university cranks out top-tier tech execs Many graduates from the Indian Institute of Technology have gone on to start and lead global tech companies. Here are a few of the most notable alums. More
Most valuable American car up for auction Carroll Shelby's own very first Shelby Cobra will be sold in August. It's almost certain to be the most valuable American car ever sold. More
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play