gas prices increase

Gasoline prices jump 17 cents in two weeks
— reported by the Houston Chronicle

Retail gas prices across the country soared an average of nearly 17 cents in the past two weeks, according to a survey released today.

The weighted average for all three grades increased to $2.69 a gallon by Friday, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations in the country.

Self-serve regular averaged $2.67 a gallon. Mid-grade cost $2.76 a gallon while premium hit $2.86 a gallon.


AAA says Texas gas prices rise sharply
— reported by the Houston Chronicle

Retail gasoline prices skyrocketed across Texas this week amid concerns over summer gasoline supply prospects, according to the weekly AAA Texas gasoline price survey released today.

The survey found that self-serve regular was averaging $2.59 per gallon at pumps statewide, 11 cents higher than last week and 45 cents higher than a year ago. Nationally, regular self-serve averaged $2.60 cents per gallon, up 9 cents from last week.

The survey showed Fort Worth had the highest average retail gasoline price of $2.67 per gallon, up more than 15 cents from last week. Corpus Christi had the cheapest gas, averaging $2.49 per gallon, up almost a dime.

An auto club spokeswoman said prices could continue to climb.


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