CAMARILLO, Calif. (AP) — Gas prices rose 7 cents per gallon over the past two weeks pushing pump prices to near record levels, but the upward pressure on prices may be easing, an industry analyst said Sunday.
The average weighted price for gas nationwide, including all grades and taxes, was approximately $1.70 per gallon Friday, according to the Lundberg Survey of 8,000 stations nationwide. That price is within 7 cents of $1.77, the all-time high recorded by the survey on May 18, 2001.
Gasoline cost about $1.63 a gallon on Feb. 7, the date of the last Lundberg Survey, an increase of 11 cents over the previous two-week survey.
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Gas prices up again
February 24, 2003
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