A survey of over 2,500 gas stations in the United States showed a 12 cents a gallon incline of gas prices since late January. Supposedly, this sharp increase was caused by a price hike in European crude, which is found in the North Sea.
The most recent Lundberg study stated that the average gallon of gas in the U.S. rose to $3.51. The publisher of the study, Trilby Lundberg, blames the jump on less production from North Sea platforms, the conflict with Iran and its Persian Gulf neighbors, which has crippled global markets.
Brent crude is a common fuel used in the petroleum in American pumps. U.S. retailers will never take the short end of the deal, so a national price jump for American drivers is inevitable.
The lowest prices in the latest survey were in Denver, Colorado, where a gallon of regular gas is $3.01. The highest were on Long Island, New York, at $3.82 a gallon.
Other cities: Chicago $3.63, Baltimore $3.52, Atlanta $3.54