Business

Price of gas up nearly 12 cents after long slide

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

Posted Updated
Gas Prices
CAMARILLO, CALIF. — 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.

Copyright 2024 by WRAL.com and the Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.