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Survey: U.S. average gas price up 10 cents a gallon

Posted: March 9, 2014 2:34 p.m.
Updated: March 9, 2014 2:34 p.m.
 

CAMARILLO, Calif. (AP) — The average U.S. price of a gallon of gasoline has jumped 10 cents over the past two weeks.

The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.51. Midgrade costs an average of $3.69 a gallon, and premium is $3.84.

Diesel was up three cents over the past two weeks at $4.03.

Of the cities surveyed in the Lower 48 states, Los Angeles has the nation's highest average price for gas at $3.94. Jackson, Miss., has the lowest at $3.18.

California routinely has higher gas prices than the rest of the nation with higher taxes and a more expensive summer grade of gasoline sold during warmer months to reduce air pollution.

In addition, starting in 2015 California motorists will start paying a higher rate for gasoline due to the state greenhouse gas reduction law, AB32.

Signed into law by Gov. Arnold Schwarzenegger in 2006, AB32 will force fuel distributors into a cap-and-trade marketplace. The oil industry says prices will increase at least 12 cents a gallon immediately after the law takes effect.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

 

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