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Consumer

Gas Prices Soar Nationwide, SF Highest In California

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A Shell gas station customer pumps gas in Menlo Park (AP)

A Shell gas station customer pumps gas in Menlo Park (AP)

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SAN FRANCISCO (CBS/AP) — The average U.S. price of a gallon of
gasoline has increased 18 cents over the past two weeks.

In California, the price rose 23 cents per gallon to an average $3.99 for regular.

Fresno had the lowest price, $3.83 for regular, and San Francisco had the highest, $4.06.

The Lundberg Survey of fuel prices on Sunday put the average price for a gallon of regular at $3.69, about 8 cents higher than the same time last year.

cbsSF Pump Patrol: Find Best Local Gas Prices

Nationally, a gallon of mid-grade averages $3.84 and premium $3.96.

The price increase is due to the high cost of crude as well as the partial loss of production at a refinery in northern California.

Tucson, Ariz., has the nation’s lowest price at $3.18, while Chicago had the highest at $4.23.

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed)

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