Tags: gasoline | prices | economy | Lundberg

Average US Gas Prices Rise Nearly 25 Cent in 4 Weeks: Lundberg

Average US Gas Prices Rise Nearly 25 Cent in 4 Weeks: Lundberg

Sunday, 20 March 2016 07:48 PM EDT

The average price of a gallon of gasoline in the United States gained nearly 25 cents in the past four weeks, according to a survey released on Sunday.

Regular-grade gas climbed to around $2.02 per gallon in the March 20 survey, from $1.77 on Feb. 19, survey publisher Trilby Lundberg said in an interview.

The chief cause of the gasoline price rise was the recent increase in crude oil prices due in part to a weaker U.S. dollar, Lundberg said.

U.S. crude futures have soared by about 33 percent from $29.64 on Feb. 19 to $39.44 on March 18.

"We may see gasoline prices increase further even if crude oil prices do not continue rising because U.S. refiners have to prepare summer-grade gasoline to meet a May 1 deadline in most of the country," she said.

It costs more to make summer-grade gasoline, which has a lower vapor pressure to prevent smog, she explained.

In the Lundberg panel of around 2,500 gas stations in large cities in 48 states, the lowest average retail price for gas was in Newark, New Jersey, at $1.66 per gallon, and the highest was in Los Angeles, at $2.72 per gallon.

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
The average price of a gallon of gasoline in the United States gained nearly 25 cents in the past four weeks, according to a survey released on Sunday.
gasoline, prices, economy, Lundberg
196
2016-48-20
Sunday, 20 March 2016 07:48 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved