US gas prices jump 13 cents a gallon; could go higher
Posted February 8, 2015
Updated February 9, 2015
CAMARILLO, Calif. — The average price of a regular gallon of gas jumped 13 cents in the past two weeks to $2.20, ending a sustained drop.
Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump.
However, the price is $1.10 below the mark a year ago, on Feb. 7, 2014.
In Raleigh, the average per-gallon price has risen 7.3 cents in a week, according to GasBuddy's daily survey of 472 outlets.
“This past week gasoline prices saw the largest weekly incline since July, 2013. While the pace of increases will slow in the week ahead, we're looking at continued gas price increases over the next few weeks," said Patrick DeHaan, senior petroleum analyst with GasBuddy.
San Francisco continued to have the highest-priced gas in the Lower 48 states at $2.59 a gallon.
The low average was in Tucson, Arizona, at $1.82. The average price in California is up 9 cents, to $2.53.
Lundberg says pump prices could climb as much as a dime in the near future, unless oil prices show significant declines.