The Internet home of:
FORTUNEMoneyBusiness 2.0FORTUNE Small Business
Yahoo search
Main Company News Economy International News CEOs and CFOs in the News Fun Money Corrections Financial News in Brief Main Portfolio Stock Market News Indexes Pre-Market Stock Trades 24-hour Stock Data Bonds and Rates Commodities: Prices and Data Currencies: Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight Sivy on Stocks Stock Research Center IPO: Initial Public Offering Main High Tech Gadgets Tech Stock Sectors Fortune 500 Tech 100 Fastest-Growing Techs The Browser Blog Technology Business News Business 2.0 Blogs Video Game Company News Main Stock Research Center Federal Reserve News Top 50 Best Jobs Best Companies to Work For 100 Top MBA Employers Your Job 2006 Ask Annie Unemployment Rate Cost of Living Calculator Find a Job Main Retirement Plans Mutual Funds News Ask the Expert Exchange Traded Funds Gerri's Top Tips Sivy on Stocks College Funding Insurance: Rates & News Taxes: Tax News Loan Center Portfolio Money 101 Main Cars and Car News Real Estate News High Tech Gadgets Luxury & Technology Personal Finance Main Best Places to Live Home Finance Calculator Cost of Living Calculator Home Prices Best Places to Retire Money 101 Loan Center Real Estate Tips Main FSB 100 Small Cap Investing - Top 50 5 Best Bosses Which States Love Small Biz? Top 10 States for Taxes 12 Top Business Plans 8 Tiny Firms That Play Big 100 Fastest-Growing Techs Top Business Schools Small Business Startups Main Best Places to Live Fortune 500 Global 500 Fortune 500 archive Best Places to Retire 50 Most Powerful Women Best Cars 2006 Best Companies to Work For Most Admired Companies 100 Top MBA Employers 100 Fastest-Growing Cos. Top 50 Best Jobs Sivy 70: Best Stocks MONEY 65: Best Funds Boom Towns 100 Fastest-Growing Techs 101 Dumbest Moments FSB 100 50 Small-Cap Stock Picks

Gasoline prices gain 4 cents

Lundberg survey says averages up for four weeks straight, but slack winter demand should lead to stable prices.


CAMARILLO, Calif. (CNN) -- Gasoline prices at U.S. pumps rose an average of a four cents a gallon over the last two weeks, on top of a nickel average price hike measured in a previous survey two weeks earlier, according to a national survey released Sunday.

The Dec. 1 Lundberg Survey of about 5,000 gas stations across the country showed the average price of a gallon of self-serve regular gas was $2.27, publisher Trilby Lundberg told CNN. The "modest" increase came despite plentiful stocks of crude oil and gasoline, she said.

Are higher gas prices cutting into how much we drive? CNN's Ali Velshi is 'Minding Your Business'. (December 1)
Play video

Winter is typically a low-demand season for gasoline. So without a "severe bump" in demand, such as extreme cold weather increasing heating oil consumption, U.S. consumers should have "comparative stability" in prices in the weeks ahead, Lundberg said.

Before rising a nickel a gallon in the Nov. 17 survey, gas prices had fallen 84 cents in the previous 12 weeks.

The most expensive gasoline was in Honolulu, where drivers pay an average $2.74 a gallon, while Tulsa enjoys the cheapest gas at an average $2.09 a gallon, Lundberg said.

Prices in other cities:

Dallas: $2.15

Atlanta: $2.17

Salt Lake City: $2.22

Philadelphia: $2.30

Miami: $2.30

Hartford, Conn.: $2.33

Chicago: $2.38

Los Angeles: $2.41

Seattle: $2.54

Gasoline prices are down 5 percent for the year. But the AMEX oil and gas index, which includes such companies as ExxonMobil (Charts), BP (Charts), Chevron (Charts) and ConocoPhillips (Charts), is up 5 percent.

__________________

House to vote on offshore drilling

OPEC split on production cuts Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?