Gas prices in 'firing range' of all-time high



ATLANTA (CNN) -- Gas prices have jumped nearly 20 cents over the past two weeks, approaching the all-time high, according to a survey published Sunday.

The average price of a gallon of self-serve regular is $3.76, the Lundberg Survey found. The previous survey three weeks ago found an average of $3.57.

That means prices are now just 35 cents -- "within firing range" -- of the all-time high of $4.11 set in July 2008, said publisher Trilby Lundberg.

"This doesn't mean that we will get there," she said. "Crude oil will decide."

Crude prices have been impacted by the unrest in the Middle East, she said, but also by two other major underlying factors: increased demand in developing nations and the weak dollar.

"Unless crude oil relents and slips, we can expect a further rise at the pump because pump prices do not reflect all of the crude oil price hikes that have occurred," Lundberg said.

The latest Lundberg survey, which tabulates prices at thousands of gas stations nationwide, took place on Friday. Of the cities surveyed that day, the lowest average price was in Tucson, Arizona, at $3.41. The highest average price was in the San Francisco Bay area at $4.13.

Here are the average prices in some other cities:

-- Chicago - $4.11

-- Seattle - $3.85

-- Boston - $3.71

-- Houston - $3.67

-- Atlanta - $3.61

-- Memphis, Tennessee - $3.56

-- Denver - $3.49 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 15,307.17 -80.41 -0.52%
Nasdaq 3,463.30 -38.82 -1.11%
S&P 500 1,655.35 -13.81 -0.83%
Treasuries 2.03 0.08 4.22%
Data as of 8:29am ET
Company Price Change % Change
Bank of America Corp... 13.31 -0.13 -0.97%
General Electric Co 23.86 0.20 0.85%
Ford Motor Co 14.97 0.02 0.13%
Microsoft Corp 34.61 -0.24 -0.69%
JPMorgan Chase and C... 53.63 0.61 1.15%
Data as of May 22
Sponsors

Sections

J.P. Morgan Chase's Jamie Dimon made $18.7 million last year, putting him fourth on the list of highest-paid chiefs in banking. Which CEOs made even more? More

A seven-month rally in Japanese stocks came to an abrupt halt Thursday as the benchmark Nikkei index plunged by 7%, with investors rattled by weak economic data from China. More

By the time a startup is five months old, it's already been the target of hundreds of spam messages. More

The tornado that struck the Moore, Okla., area Monday afternoon left an almost 2-mile wide path of destruction, flattening homes and businesses and taking at least 24 lives. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 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 © 2013 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. 2013. All rights reserved. Most stock quote data provided by BATS.