Price of gas up nearly 12 cents after long slide

Posted January 11, 2009 3:55 p.m. EST
Updated January 11, 2009 11:11 p.m. EST

Gas Prices

— The average national price of gasoline rose nearly 12 cents over the past three weeks, marking the first price hike after six months of steady decreases, according to a national survey released Sunday.

The average price of regular gasoline Friday was $1.78 a gallon, oil industry analyst Trilby Lundberg said. The price of mid-grade was $1.91 a gallon and the price of premium was $2.02 a gallon.

In the Triangle, drivers are paying an average of $1.74 for a gallon of regular gasoline.

The price increase was the first since July 11, when the average national price peaked at $4.11 a gallon.

Of cities surveyed, the nation's lowest price was $1.34 in Billings, Mont. The highest price was $2.32 in Anchorage, Alaska.