Gas prices are set to climb again after a long time due to rising wholesale prices, says industry analyst Trilby Lundberg.
According to Lundberg Survey, while the national average price of gas fell 13 cents in the past two weeks to $2.07 a gallon, it could soon rise due to increased costs of crude oil in the past 10 days. That means, eventually, consumers would need to pay more at the gas pump.
San Francisco continued to have the highest-priced gas at $2.54 a gallon, and Albuquerque, New Mexico, remained lowest at $1.73 a gallon. In Central Florida the average price is $1.98 a gallon, $2.33 in New York's Long Island, and $2.42 in Los Angeles.
Americans have enjoyed the lowest gas prices in more than five years, amid strong domestic output, tepid global demand, increased production from Iraq and Russia, and sustained output by the OPEC.
According to a two-week survey of 2,500 filling stations that ended January 23, prices are $1.2422 lower than last year.
West Texas Intermediate crude, the US benchmark, declined 5.7 percent to $45.59 a barrel in New York during the two weeks.
According to driving group AAA, Americans saved about $14 billion on gasoline in 2014, compared with a year ago.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.