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Average Price of Gasoline Close to $4 a Gallon

May 19, 2008

The average price of gasoline has jumped another 17 cents a gallon in the past two weeks to a record-breaking $3.79 a gallon for self-serve regular, according to a national survey released Sunday.

This climb in prices makes it a “high possibility” that many cities will see $4 a gallon regular gas soon, said survey publisher Trilby Lundberg.

“We are within 21 cents of $4 a gallon,” said Lundberg. “There seems to be very good chance that we will reach it.”

Four dollars a gallon of regular unleaded happened in two metro areas in the latest survey, according to the biweekly Lundberg Survey.

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