Gas prices up 28 cents in 10 days

    0
    3


    By Ben Rooney, staff reporterMarch 4, 2011: 7:51 AM ET

    NEW YORK (CNNMoney) — Gas prices continued to rise nationwide Friday, with the average price per gallon up nearly 28 cents in the past 10 days.

    The national average price for a gallon of regular gasoline rose to $3.471 on Friday, according to a daily survey by motorist group AAA. That’s up 4.4 cents from $3.427 a gallon on Thursday and $3.368 on Monday.

    California replaced Hawaii as the state with the higest gas prices in the nation. Drivers in the Golden State now pay an average $3.85 a gallon, while the average price in Hawaii is $3.84 a gallon.

    Montana and Wyoming remain tied for the lowest prices in the nation. Gas prices in both states average $3.14 a gallon.

    Gas prices vary widely from state to state based largely on local tax rates. But prices have been trending higher nationwide following a rise in the price of crude oil, the main ingredient in gasoline.

    Oil prices were moving higher again Friday, rising to a high above $103 a barrle before backing down. The run-up in oil prices comes as the political crisis in Libya shows no sign of abating, and investors remain worried about additional supply disruptions from the Middle East.  To top of page


    Read the rest here:
    Gas prices up 28 cents in 10 days