US gas prices jump 13 cents a gallon; could go higher

Posted February 8, 2015
Updated February 9, 2015

— 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.


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  • Mike Berthold Feb 9, 2015
    user avatar

    Think we should thank all those striking refinery workers. Job well done unionized labor.

  • 68_dodge_polara Feb 9, 2015

    View quoted thread

    That might be true but in today's world that has become just about the most expensive transportation.

  • pipcolt Feb 9, 2015

    You still get more miles from a bale of straw and a bag of oats and an open field for grazing.

  • dickbergens77 Feb 9, 2015

    I thought Obama fixed the gas prices?

  • 68_dodge_polara Feb 9, 2015

    View quoted thread

    That pretty much sums it up. The only conspiracy here is that Saudi Arabia was keeping production high even though demand was down to put production here out of business so that the price in the long run would be higher.

  • Jim Frei Feb 9, 2015
    user avatar

    I predict the average price of gasoline will be $3 by Memorial Day.

  • Corey Jenkins Feb 9, 2015
    user avatar

    I am ready for the day, when oil isn't going to be needed anymore.

  • br1z1z Feb 9, 2015

    Has anyone else noticed how the price of gas trickles down slowly as oil prices dropped quickly? Oil prices dropped $10 a barrel but it takes days or weeks for the price of fuel to drop. Let the price of oil rise $1 a barrel and the gas prices jump 10 cents immediately. Dang...

  • jimcricket15 Feb 9, 2015

    AH typical nonsense. Oil is a commodity. Oil is used globally. Oil is produced globally. Three things helped drop the price of oil. Our own wonderful private sector producing more product. Globally slowing economies thus reducing demand. Saudis helped increase the oil glut and that was intentional. They understand that once oil falls below a certain per barrel price, then some producers will close any facility where it costs them more per barrel to produce than it brings on the market. recently some producers have shut down a few faciilities. The Saudis have backed off on their production. People instead of making STUPID comments about oil ought to learn a little about commodities. Prices of commodites continuously change. Supply and demand causes price changes, yes speculation also causes price changes. Try looking at things like coffee prices, wheat prices, beef prices, copper prices, sugar prices, and so on. You will see prices of those commodities change over time.

  • tayled Feb 9, 2015

    Of course it will go higher. did anyone really expect that the low prices we have enjoyed for a while would last? It was all a conspiracy by big oil to get people addicted to driving again and then raise the price and people will pay it because they got used to driving again.