Gas prices top $3.80 a gallon

@CNNMoney March 12, 2012: 5:16 AM ET
After a brief pause last week, gas prices continue their climb, according to AAA.

After a brief pause last week, gas prices continue their climb, according to AAA.

NEW YORK (CNNMoney) -- The national average price for a gallon of gasoline rose above the $3.80 mark Monday, resuming the advance that has plagued drivers throughout the winter.

The average price rose nine-tenths of a cent, according to the survey of gas stations conducted for the motorist group AAA. It was the third straight advance, with prices gaining 3.4 cents a gallon over Saturday and Sunday.

A 27-day run of price increases ended last Tuesday with a 0.3-cent decline.

The nationwide average was $3.51 a gallon a month ago and $3.77 a week ago. Last year at this time, the average price stood at $3.56 a gallon.

The average price is down 31.3 cents, or about 7.6%, from the record high of $4.114 reported on July 17, 2008.

Gasoline averages more than $4 a gallon in four states: Alaska, California, Hawaii and Illinois. At nearly $4.44 a gallon, Hawaii ranks as the nation's high. Prices are within a nickel of the $4 mark in Connecticut, the District of Columbia, Michigan, Oregon, New York and Washington, according to AAA.

Wyoming has the nation's lowest gas prices, averaging slightly above $3.30 a gallon.

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Gas prices have been rising on the back of soaring oil prices, which have surged 10% over the past month amid fears that tensions with Iran will lead to an all-out war that causes a disruption in oil supplies.

Signs of an improving economy have also boosted oil prices, as has the stock market, which has approached multi-year highs in recent weeks. To top of page

Overnight Avg Rate Latest Change Last Week
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15 yr fixed2.93%2.96%
5/1 ARM3.03%3.08%
30 yr refi3.80%3.83%
15 yr refi3.01%3.04%
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