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Gasoline prices gain 4 centsLundberg 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.
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. __________________ |
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