Gas prices keep rising, but may be near peak

6:35 AM, Mar 26, 2012   |    comments
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CAMARILLO, Calif. (AP/KSDK) - The price of a gallon of gasoline has jumped 11 cents over the past two weeks.

That's according to the latest Lundberg Survey of fuel prices, which puts the average price of regular at $3.93 nationwide.

Gas prices guide: Find the cheapest gas

But oil industry analyst Trilby Lundberg says it may not go much higher. She says crude oil prices have started to ease and there's plenty of supply and refinery capacity.

Of the cities surveyed, Chicago has the nation's highest average price for gas at $4.58.

AAA reported March 26 on its website that the average price for gas in St. Louis was $3.87 per gallon and $4.16 in the Metro East.

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