SMH: Gas Prices Continue To Rise, Up 12 Cents In The Past Two Weeks

- By Bossip Staff

We might need to dust off that trusty bicycle if these gas prices continue to soar:

The average U.S. price of a gallon of gasoline has jumped 12 cents over the past two weeks. That’s according to the Lundberg Survey of fuel prices, released Sunday, which puts the price of a gallon of regular at $3.81. Midgrade costs an average of $3.96 a gallon, and premium is at $4.07.

Of the cities surveyed, Denver has the nation’s lowest average price for gas at $3.36. Los Angeles has the highest at $4.35. In California, the lowest average price was $4.23 in Fresno. The average statewide for a gallon of regular was $4.32.

The rise in gas prices come at a delicate time for the American economy. Recent reports indicate a recovery has begun in job growth and consumer confidence, but all those positive gains could be negated by the continued climb in gas prices.

It must really suck for those in Cali. SMH.


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