Gas Prices Rise by Just Over a Nickel in Two Weeks

gas pricesThe average price of gasoline rose by just over a nickel in the last two weeks, as rising crude prices hit consumers.

The average price of self-serve regular gasoline was $2.82 a gallon on Friday, according to the latest Lundberg Survey. That's 5.23 cents higher than two weeks earlier.

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Retailers raised prices to maintain their profit margins in the face of rising crude oil costs, publisher Trilby Lundberg said, according to CNN.

The price of oil has risen as a weak economy and expectations of further action by the Federal Reserve drive the dollar down.

The highest average price in the continental U.S. was in San Francisco, at $3.16 a gallon. The lowest was $2.59, in St. Louis.
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