Gas prices continue climb, up 34 cents in 13 days

gas prices By Ben Rooney, staff reporter


NEW YORK (CNNMoney) -- Gas prices continued to rise Monday, driven higher for nearly two weeks straight by the turmoil in Libya, with analysts expecting prices to keep climbing.

The national average price for a gallon of regular gasoline rose six tenths of a cent to $3.509, according to a daily survey by motorist group AAA.

Gasoline prices and taxes by state
Prices at the pump can vary widely among states due to a number of factors. More

Gas prices have increased for 13 days in a row, rising nearly 34 cents in that time.

The highest gas prices in the nation are in California, where drivers pay an average of $3.897 a gallon. Prices were also above $3.80 in Hawaii and Alaska.

Montana had the lowest gas prices at $3.186 a gallon, on average. Wyoming was a close second with an average cost per gallon of $3.189.

Gas prices vary widely from state to state based largely on local tax rates. But prices have been trending higher nationwide following a rise in the price of crude oil, the main ingredient in gasoline.

Oil prices rose above $106 a barrel Monday, hitting a fresh 2-1/2 year high, as the violence in Libya appears likely to drag on for some time.

Peter Beutel, president of energy risk management firm Cameron Hanover, told CNNRadio that he expects gas prices to continue moving higher.

"I expect that the average is going to be something around $3.75 or $3.80 a gallon," he said.

He said prices will probably remain below $4 a gallon in most parts of the country, barring any widespread political unrest in the Persian Gulf.

On Sunday, the separate Lundberg survey showed that gas prices increased nearly 33 cents in a two-week period, the second-biggest price jump in the history of the gasoline market.

-- CNNRadio's Richard Benson contributed to this report.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play

Search for Jobs

Index Last Change % Change
Dow 17,846.64 -289.08 -1.59%
Nasdaq 4,926.09 -56.72 -1.14%
S&P 500 2,070.21 -30.83 -1.47%
Treasuries 2.24 0.13 6.06%
Data as of 3:55pm ET
Company Price Change % Change
Bank of America Corp... 16.20 0.20 1.25%
Apple Inc 126.45 0.04 0.03%
Chesapeake Energy Co... 15.19 -0.73 -4.59%
Citigroup Inc 53.09 -0.47 -0.88%
AT&T Inc 33.43 -0.57 -1.69%
Data as of 3:41pm ET
Sponsors

Sections

The U.S. added 295,000 jobs in February and unemployment fell to 5.5%, the lowest level since May 2008. More

Facebook sparks protest by offering users the chance to indicate that they are 'feeling fat.' More

Frank & Oak, Airbnb, and Net-a-Porter are just a couple of companies investing in the antiquated medium. More

There's no end to the creative ways scammers will try to steal your identity and your money. And tax time is one of their favorite times of the year. Here's how to spot a top scam and protect yourself. More