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 price surge reaches the 2-week mark

By Ben Rooney, staff reporter


NEW YORK (CNNMoney) -- Gas prices rose Tuesday for the 14th straight day, with drivers in some parts of the United States now paying more than $3.90 a gallon.

The national average price for a gallon of regular gasoline is now $3.517, according to a daily survey by motorist group AAA. That's up eight tenths of a cent from $3.509 on Monday.

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 risen nearly 15 cents so far this month. That's on top of a nearly 27 cent increase in February.

California continues to have the highest gas prices in the nation, with drivers there paying an average of $3.908 a gallon. Hawaii had the second highest average price at $3.89 a gallon, while Alaska came in third at $3.845 a gallon.

The lowest gas prices are in Wyoming, where gas averages $3.197 a gallon. Montana and Missouri also have relatively low gas prices.

Gas prices have been driven higher by an increase in the price of crude oil, the main ingredient in gasoline.

Oil prices have risen more than 10% so far this month, as investors remain nervous about the crisis in Libya. However, prices were trending lower Tuesday following reports that other oil-exporting nations in the region are considering boosting output.  To top of page

Index Last Change % Change
Dow 16,027.05 -177.92 -1.10%
Nasdaq 4,283.75 -79.39 -1.82%
S&P 500 1,853.44 -26.61 -1.42%
Treasuries 1.74 -0.11 -6.11%
Data as of 5:50am ET
Company Price Change % Change
Bank of America Corp... 12.27 -0.68 -5.25%
Chesapeake Energy Co... 2.04 -1.02 -33.33%
Facebook Inc 99.75 -4.32 -4.15%
Freeport-McMoRan Inc... 5.27 -0.41 -7.22%
Williams Companies I... 11.16 -5.96 -34.81%
Data as of Feb 8
Sponsors

Sections

A former deputy secretary in Obama's Department of Education will take over the University of Phoenix's parent company, Apollo Education Group, once the sale is finalized. More

Oil prices are unlikely to rise any time soon, the International Energy Agency has warned. Here is why. More

Zenefits founder and CEO Parker Conrad steps down. COO David Sacks takes over, with a call to fix compliance issues and change the company's culture. More

Nonprofit JumpStart has launched a new $10M fund that will only invest in women and minority-led startups. The catch: You have to move to Ohio. More

A former deputy secretary in Obama's Department of Education will take over the University of Phoenix's parent company, Apollo Education Group, once the sale is finalized. More