Pumps Nationwide Up One Cent

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Pumps Nationwide Up One Cent

CAMARILLO, Calif. -- Gas prices remained steady during the nation's heaviest driving season, rising less than a cent over the past two weeks, according to analyst Trilby Lundberg.

The average price of self-serve gas nationwide, including all grades and taxes, was $1.55, according to the Lundberg Survey of 8,000 gas stations and convenience stores. That was an increase of .12 cents per gallon higher from July 11, the date of the last Lundberg Survey.

The slight rise in prices was due to increased costs of crude oil, a few refinery glitches and the passing of Hurricane Claudette that threatened U.S. Gulf Coast oil facilities, Lundberg said. OPEC is not expected to change prices of crude oil exports when it convenes Thursday in Vienna. Lundberg believes gas prices in the United States will not fluctuate much in the coming months. "There is neither a shortage of gasoline nor a glut of gasoline on the near horizon," she said. "Any change up or down would be very small."

Gas prices remain about 10 cents higher than they were a year ago, Lundberg said. The average price of gasoline, including taxes, at self-serve pumps Friday was about $1.52 for regular, $1.62 for mid-grade and $1.71 for premium.