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 edge higher

The latest gain marks the first time in 2009 that prices are higher than a year earlier.

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)

Find Your Next Car

(CNN) -- Gas prices are up slightly from two weeks ago -- despite a decline in the price of oil, according to a survey published Sunday.

The average price nationwide for a gallon of self-serve regular is $2.68, up 3 cents from Oct. 23, the Lundberg Survey found.

"This is not from the price of crude, which actually backed off slightly in the past few days," said publisher Trilby Lundberg. "Instead, that small rise came from a bounce-back in the gasoline retailers' margin, which had been squeezed into single digits in October."

The margin retailers take per gallon is generally about 10 to 14 cents, she said. In October, it averaged between 7 and 9 cents. "This is a normalization," Lundberg said, "because (the margin) had been abnormally low."

The price is 39 cents higher than it was a year ago -- the first time a year-to-year increase has been seen this year, she said. "Last year, prices peaked in early July and they crashed all the way through the rest of the year at varying speeds ... but now, with the 18-cent rise between Oct. 9 and Oct. 23 plus this additional 3 cents ... these two lines in the graph, as it were, have crossed."

It's likely, however, that the current price represents a peak, and prices will begin to slip, absent a rise in crude oil prices, Lundberg said. Demand is down for a number of reasons, chief among them the unemployment rate.

"It is the work commute that causes that gallon to be sold much more than anything else," she said. In addition, fewer daylight hours and the approach of winter weather leave people driving less this time of year.

The highest average price for a gallon of self-serve regular was in Anchorage, Alaska, at $3.30 for a gallon of self-serve regular, Lundberg said. The lowest was in Tucson, Ariz., at $2.36. Interactive map: Gas prices state by state.

A look at prices in some other cities:

- Honolulu, Hawaii -- $3.20

- San Francisco, California -- $3.04

- Houston, Texas -- $2.49

- Atlanta, Georgia -- $2.58

- Des Moines, Iowa -- $2.62

- Boise, Idaho -- $2.70

- Burlington, Vermont -- $2.78

- Chicago, Illinois -- $2.88

- Sacramento, California -- $2.91

- Boston, Massachusetts -- $2.70

- Long Island area, New York -- $2.85

- Los Angeles, California -- $2.97 To top of page

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
Banned! 10 things you won't find in China China says it wants to open its economy more to the rest of the world, but Beijing keeps a tight grip on technology and access to media. These 10 items are still off limits. More
A morning at the AltSchool, an education startup that Silicon Valley is crazy about The AltSchool is a system of "micro schools" and an education software maker that has raised about $133 million from investors like Andreessen Horowitz and Mark Zuckerberg and Priscilla Chan's philanthropic fund. More
Coolest cars for $18,000 These are the best budget cars, according to the experts at Kelley Blue Book. 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