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U.S. Gas Prices Up Ten Percent

U.S. gasoline prices rose 10 cents from two weeks ago to an average $2.91 a gallon. The increase reflects disruptions to American refinery output from Hurricane Rita, which hit the coast of Louisiana on September 24 after sweeping across the Gulf of Mexico.

At $3.38 a gallon, Honolulu, Hawaii had the highest average price for self-serve regular unleaded gas on October 7, while the lowest average price was $2.65 a gallon in Anchorage, Alaska. The average self-serve price is just over 92 cents higher than a year ago. In an October 8, 2004 survey, Lundberg said the average retail price was $1.9890.

According to the most recent Lundberg survey, prices had fallen during the previous two weeks as supplies recovered from Hurricane Katrina, which made landfall on August 29.