US Gas Prices Rise Slightly To $3.71 A Gallon

A survey says the average price of a gallon of regular gasoline in the U.S. has risen by 2 cents over the last two weeks to $3.71.

Industry analyst Trilby Lundberg said Sunday that crude oil prices rose over jitters about Iraqi oil production as violence there grows.

Much of that increase hasn't been passed on to consumers yet, and prices could increase over the coming weeks.

The survey taken Friday shows the average price for a gallon of midgrade gas was $3.90 and the average price for a gallon of premium was $4.05. Diesel averaged $3.95 a gallon.

Of cities surveyed in the continental U.S., Tucson, Arizona, had the lowest average price at $3.37 a gallon. Chicago had the highest average at $4.15 a gallon.

(Copyright 2014 The Associated Press. All rights reserved.)



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NEW YORK (AP) - Violence in Iraq is pushing U.S. gasoline prices higher during a time of year they usually decline.

The national average price of $3.67 per gallon is the highest for this time of year since 2008, the year gasoline hit its all-time high.

The violence that erupted in Iraq last week hasn't threatened the main oil-producing regions or reduced exports. Still, global markets reacted by sending the price of oil up 5 percent over the past week. So, instead of the usual slow slide in gasoline prices between Memorial Day and July 4, drivers have seen an increase.

The national average will likely soon surpass this year's high of $3.70 per gallon, set on April 28, but analysts see little chance of it topping $3.90, as in 2011 and 2012.

(Copyright 2014 The Associated Press. All rights reserved.)


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