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.

Gasoline prices hold steady

by the CNN Wire Staff

ATLANTA (CNN) -- U.S. retail gasoline prices remained nearly unchanged over the past two weeks as crude oil dipped and recovered during the same period, according to a new nationwide survey released Sunday.

The average price of self-serve regular was a fraction of a cent under $2.85 a gallon on April 23, said Trilby Lundberg, publisher of the Lundberg Survey. That's down less than half a penny from the previous survey, conducted April 9, and tracks the price of crude oil over the same period. The prices for both products "are virtually the same was they were on April 9," Lundberg said.

Crude dipped during that period in large part because of a volcanic eruption in Iceland, which resulted in a massive cloud of ash that shut down air travel across much of Europe. When traders saw that the resulting disruptions were easing, oil prices returned to nearly the same levels they held before the April 14 eruption, Lundberg said.

Summer vacation season is on the horizon for Americans. But with U.S. fuel stocks remaining high and about 15% of refinery capacity available that is not currently being used, Lundberg said increased demand is likely to put little upward pressure on prices at the pump without increases in the cost of crude.

"From here, any rises in the price of gasoline, at least short term, will probably be small," she said.

The highest average prices in the continental United States were in Chicago, where self-serve regular averaged $3.15 per gallon. The lowest were found in Tulsa, Okla., at $2.60.

A sampling of average prices in other cities: Atlanta, $2.75; Baltimore, $2.81; Denver, $2.67; Manchester, N.H., $2.75; Miami, $2.85; Milwaukee, $2.90; San Francisco, $3.09; Tucson, Ariz., $2.79 To top of page

Index Last Change % Change
Dow 16,776.43 304.06 1.85%
Nasdaq 4,781.26 73.49 1.56%
S&P 500 1,987.05 0.00 0.00%
Treasuries 2.06 0.07 3.37%
Data as of 7:35am ET
Company Price Change % Change
General Electric Co 26.82 1.35 5.30%
Dow Chemical Co 46.31 1.86 4.18%
Bank of America Corp... 15.69 0.31 2.02%
Micron Technology In... 17.57 1.66 10.43%
Apple Inc 110.78 0.40 0.36%
Data as of Oct 5


The European Court of Justice has ruled that Facebook and others can't simply hand over data to U.S. authorities, by declaring a crucial agreement between the U.S. and EU invalid. More

Bermuda, the Cayman Islands and the British Virgin Islands are three of the world's biggest tax havens, according to a report from Citizens for Tax Justice and the U.S. Public Interest Research Group. More

The social network and Eutelsat are teaming up to launch a satellite that will bring Internet to sub-Saharan Africa in 2016. More

Smarties, a Halloween candy staple, have been around for 66 years. Three Millennial women are revolutionizing it. More