Consumers in the United States are paying about $2.80 for a gallon of gasoline. In a couple of weeks, it might seem like the good old days.
Crude oil prices jumped to more than $71 a barrel on Tuesday, and that likely is going to fuel a surge in pump prices by month's end, when analysts suggest motorists will be paying more than $3 a gallon.
Regular unleaded gasoline on Tuesday was selling for $2.79 a gallon on average. That's a 10-cent increase in one week. One month ago the average selling price was $2.50 a gallon. One year ago it was $2.24 a gallon.
Diesel fuel prices soared as well. The average price for diesel fuel was $2.81 a gallon on Tuesday, up from $2.73 on April 11. One month ago the average selling price was $2.66 a gallon. One year ago it was $2.36 a gallon. All average prices are according to AAA, of Hawthorne, Fla.
AAA surveys 85,000 self-serve stations across the country and posts its findings on www.fuelgaugereport.com.
Crude oil prices have eclipsed the $70.85 a barrel price spike that followed Hurricane Katrina last August.
The highest price spotted was $3.41 a gallon in Makawao, Hawaii. The lowest price found was $2.19 a gallon in Casper, Wyo., according to GasPriceWatch.com
The Web site uses volunteer spotters and has recorded more than 364,000 prices this week.