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.
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.
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates:
Latest Report | Next Update |
---|---|
Home prices | Aug 28 |
Consumer confidence | Aug 28 |
GDP | Aug 29 |
Manufacturing (ISM) | Sept 4 |
Jobs | Sept 7 |
Inflation (CPI) | Sept 14 |
Retail sales | Sept 14 |