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
Index Last Change % Change
Dow 16,960.57 0.00 0.00%
Nasdaq 4,449.56 -22.55 -0.50%
S&P 500 1,978.34 -9.64 -0.48%
Treasuries 2.47 -0.04 -1.59%
Data as of 11:57pm ET
Company Price Change % Change
Facebook Inc 75.19 0.21 0.28%
Apple Inc 97.67 0.64 0.66%
Bank of America Corp... 15.59 -0.03 -0.19%
Ford Motor Co 17.62 -0.22 -1.23%
Applied Materials In... 21.23 -0.52 -2.41%
Data as of 4:03pm ET

Sections

The rideshare app will launch in New York on Friday evening, as the city's taxi commission comes to terms with the technology. More

Americans with disabilities face huge financial hurdles and it starts early on, according to a recent report. More

Louisiana is now the top location for motion picture filming, supporting thousands of new jobs and small businesses. More

Americans with disabilities face huge financial hurdles and it starts early on, according to a recent report. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.