CAMARILLO -- Gasoline prices jumped nearly 11 cents per gallon over the past two weeks, an industry analyst said Sunday.
The average weighted price for gasoline nationwide, including all grades and taxes, was about $1.63 per gallon Friday, according to the Lundberg Survey of 8,000 stations nationwide.
Gasoline cost about $1.52 a gallon on Jan. 24, the date of the last survey.
"The higher prices at the pump follow price hikes for crude oil and home heating oil," said analyst Trilby Lundberg.
Over the past two months crude oil prices have risen by $8.19 a barrel to $35.12, largely due to fears of war in the Persian Gulf and the oil production strike in Venezuela, Lundberg said.
Increased production in Venezuela despite the strike, warmer weather in the East and seasonal reductions in the demand for crude oil should keep prices steady in coming weeks, Lundberg said.
The national weighted average price of gasoline, including taxes, at self-serve pumps Friday was about $1.60 per gallon for regular, $1.69 for mid-grade and $1.78 for premium.<
Keep the discussion civilized. Absolutely NO
personal attacks or insults directed toward writers, nor others who
make comments. Keep it clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. Don't threaten. Threats of harming another
person will not be tolerated. Be truthful. Don't knowingly lie about anyone
or anything. Be proactive. Use the 'Report' link on
each comment to let us know of abusive posts. PLEASE TURN OFF YOUR CAPS LOCK. Anyone violating these rules will be issued a
warning. After the warning, comment privileges can be
revoked.
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.