Gas Prices Rise to Highest Level of the Year

Summer Gasoline Prices
Chuck Burton/AP
By Michael Erman

NEW YORK -- The average price of regular-grade gasoline in the United States rose about 5 percent in the past two weeks to $2.58 a gallon, according to the Lundberg survey released Sunday.

The 13-cent-a-gallon increase brought U.S. gasoline prices to their highest point so far in 2015, according to Trilby Lundberg, publisher of the survey. Still, prices are substantially lower than one year ago, when gasoline cost around $3.69 a gallon.

Lundberg said the increase was mostly due to higher crude oil prices, although the phasing in of higher cost spring and summer gasoline blends also contributed.

The lowest-price gasoline in the survey area of the 48 contiguous U.S. states was in Tucson, Arizona, at $2.20 a gallon. The highest price was in Los Angeles, at $3.30 a gallon.
Read Full Story

Can't get enough personal finance tips?

Sign up for Finance Report by AOL and get everything from consumer news to money tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.