Gas Prices Increase by 7 Cents in Last Two weeks, to $1.84
On Sunday, industry analyst Trilby Lundberg said that the average oil price per gasoline has increased 7 cents in the last couple of weeks, at $1.84 a gallon. However, even after the price increase, gasoline remains 70 cents a gallon cheaper compared to one year ago.
According to Lundberg, the moderate rise in gasoline price is because of the growth in demand nationwide and also increasing crude oil prices.
Los Angeles had the highest average price of regular gasoline at $2.51 per gallon, among the Lower 48 states. Tucson, Arizona had the lowest with $1.33.
The average diesel price in the U.S was $2.07 a gallon, which is less than one cent down compared to two weeks ago. The price is 96 cents per gallon down if compared to one year back.
According to AAA's Daily Fuel Gauge Report, on Sunday, the average price of regular gas in Texas was $1.60. Compared to one week ago, the gasoline price has increased from $1.535 and $1.569 from one month back.
The jump in gasoline prices is expected to last, though might not jump with big leaps.