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MARKETPLACE:  Auto | Jobs | People Search | Personals | Travel | Yellow Pages  November 6, 2004
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Analyst: Gas prices jump along with record-high crude oil prices
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LOS ANGELES An industry analyst says gas prices have climbed nearly eight cents a gallon in the past two weeks. The reason: record-high crude oil prices.

Trilby Lundberg says from September 24th through Friday, the combined national average for all grades of gas rose to two dollars, two cents a gallon.

Prices are likely to climb in the short-term with rising crude oil prices, which hit more than 53 dollars per barrel on Friday. But Lundberg says prices may come down as hurricane-damaged petroleum facilities in the Gulf of Mexico are repaired.

The most expensive gas was sold in San Diego. The cheapest was in Houston.

Lundberg surveyed seven-thousand gas stations across the country.

Copyright 2004 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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