Gas Jumps 8 Cents, Back Near Record High

Gasoline prices are back on the rise, reversing a two-month decline, according to a survey released Sunday.

ATLANTA - Gasoline prices are back on the rise, reversing a two-month decline, according to a survey released Sunday.

The average of price of a gallon of self-serve regular jumped eight cents to $2.21 a gallon -- just 7 cents below the all-time high that was set on April 8, the Lundberg Survey found.

Publisher Trilby Lundberg said the biggest reason was the rising price of crude oil, which set an all-time high on Friday -- the same day gasoline prices were surveyed at about 7,000 stations nationwide.

Among cities surveyed, the lowest average price was in Charleston, S.C., where drivers paid $2.04 for a gallon of self-serve regular. The highest average was $2.46 in Honolulu. 

Source: CNN.com 

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