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Gas prices see biggest jump of the year

CNN -- (CNN) -- Gas prices jumped 18 cents over the past two weeks, the biggest jump of the year, according to a survey published Sunday.

The average cost of a gallon of regular is $3.69 nationwide, the Lundberg Survey found.

That's nearly 8 cents higher than a year ago, but still 28 cents lower than it was in April of this year.

"Higher crude oil prices, higher corn-based ethanol prices, plus a spate of refinery and pipeline problems around the country combined" are behind the spike, said publisher Trilby Lundberg.

The U.S. drought is pushing up prices for all corn-based products.

It's impossible to predict what will happen with gas prices in the near future, Lundberg said. "The refinery and pipeline issues that have added to the price rise are certainly temporary in nature.

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Submitted Aug 13, 2012 By: aservant

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honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Aug 16, 2012 4:10:50 AM Ignore honda0105 Report Abuse duh on the jump. prices here are now the same as a year ago.
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Aug 14, 2012 10:21:49 AM Ignore melvindale Report Abuse I love when they call it news, but anyone could have observed it for themselves.
tomok Champion Author Portland Posts:32,997 Points:2,345,510 Joined:Aug 2006	Message Posted: Aug 14, 2012 3:26:56 AM Ignore tomok Report Abuse Gas prices see bigggest price jump and have gone up 10 cents every day, Big Oil can raise the price of fuel – because they can. Big oil is a monopoly so we pay more, more, more. Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction and receive the huge federal tax income from oil. Barry's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the good paying jobs are Not there. Barry's economy is not improving but continues to hurt the population and the job numbers continues to be down – no matter how smoooooth talking Barry spins those numbers and he can spin them very well! People will still drive and buy fuel no matter what but it sure helps to have a job too! The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal benefit. How much will gas prices go up and they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3 to $3.50/gallon is Not the new low! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012!
rbrowdersr Champion Author Detroit Posts:5,719 Points:1,818,820 Joined:Aug 2006	Message Posted: Aug 13, 2012 4:56:56 PM Ignore rbrowdersr Report Abuse I believe it.
A2J Champion Author Richmond Posts:3,070 Points:601,975 Joined:Aug 2011	Message Posted: Aug 13, 2012 4:37:21 PM Ignore A2J Report Abuse so far
bston Champion Author Oklahoma City Posts:1,815 Points:641,300 Joined:Mar 2011	Message Posted: Aug 13, 2012 2:09:07 PM Ignore bston Report Abuse Supply vs demand = greed
UC2 Champion Author Ventura Posts:1,305 Points:318,255 Joined:May 2010	Message Posted: Aug 13, 2012 12:22:56 PM Ignore UC2 Report Abuse you have'nt seen the BIG ONE yet!!!
SavinOnFuel Champion Author Gary Posts:1,966 Points:1,256,910 Joined:Nov 2007	Message Posted: Aug 13, 2012 12:21:21 PM Ignore SavinOnFuel Report Abuse I don't think so
58salty Champion Author Jacksonville Posts:6,605 Points:628,990 Joined:Aug 2011	Message Posted: Aug 13, 2012 11:20:32 AM Ignore 58salty Report Abuse This is WRONG! There is NOT a gas shortage. There are too many excuses to raise the cost to us. Big oil CEO's should be arrested for rape & murder. They are screwing us to death.
2granny Champion Author Michigan Posts:9,570 Points:1,465,280 Joined:Apr 2009	Message Posted: Aug 13, 2012 10:43:00 AM Ignore 2granny Report Abuse "Gas prices jumped 18 cents over the past two weeks, the biggest jump of the year, according to a survey." Our gas prices are up 51 cents in 6 days.
mageetp Champion Author British Columbia Posts:3,205 Points:625,735 Joined:Aug 2011	Message Posted: Aug 13, 2012 10:41:29 AM Ignore mageetp Report Abuse Would be nice if the prices would start dropping.
Ken2OD Champion Author Grand Rapids Posts:9,067 Points:1,970,965 Joined:Dec 2005	Message Posted: Aug 13, 2012 10:36:15 AM Ignore Ken2OD Report Abuse We're screwed if they do and screwed if they don't!
caddilac Champion Author Ontario Posts:16,600 Points:2,139,480 Joined:Apr 2007	Message Posted: Aug 13, 2012 10:33:11 AM Ignore caddilac Report Abuse .
mikesr100 Champion Author Sacramento Posts:3,888 Points:1,079,760 Joined:Apr 2008	Message Posted: Aug 13, 2012 10:32:32 AM Ignore mikesr100 Report Abuse Buy an Electric Car from Obummer Motors! Oh! That's right Obummer is destroying the coal fired generating plants so yo won't be able to recharge! Get a Bike!
ou812again Champion Author Cincinnati Posts:3,319 Points:670,135 Joined:Apr 2011	Message Posted: Aug 13, 2012 10:29:49 AM Ignore ou812again Report Abuse duh!
NanookAK Champion Author Anchorage Posts:7,247 Points:1,440,040 Joined:Nov 2007	Message Posted: Aug 13, 2012 10:29:13 AM Ignore NanookAK Report Abuse GREED rules.
truckguy115 Champion Author Orange County Posts:1,632 Points:221,225 Joined:Apr 2008	Message Posted: Aug 13, 2012 10:28:06 AM Ignore truckguy115 Report Abuse No shit. I never would have guessed it.
essel Champion Author Virginia Posts:2,708 Points:1,043,470 Joined:Nov 2007	Message Posted: Aug 13, 2012 10:27:58 AM Ignore essel Report Abuse ok
firefly09 Champion Author San Diego Posts:2,497 Points:716,700 Joined:Mar 2009	Message Posted: Aug 13, 2012 10:25:47 AM Ignore firefly09 Report Abuse No. Really?
tsgasprc Champion Author Colorado Posts:1,312 Points:359,840 Joined:Jun 2010	Message Posted: Aug 13, 2012 10:24:40 AM Ignore tsgasprc Report Abuse Artifically raised by speculators and oil executives who cause rumors & limit supply unnaturally. Ethanol is still much cheaper than oil but that market still needs development.
RapMassaG Champion Author Cincinnati Posts:2,619 Points:1,051,625 Joined:Oct 2008	Message Posted: Aug 13, 2012 10:23:51 AM Ignore RapMassaG Report Abuse Greedway states are jumping again today. $3.899(again) is the new price in Ohio.
Stevedog Champion Author Michigan Posts:3,848 Points:1,944,920 Joined:Jul 2006	Message Posted: Aug 13, 2012 10:22:41 AM Ignore Stevedog Report Abuse yes, gas prices are higher
smoketown Champion Author Cincinnati Posts:6,231 Points:1,381,875 Joined:Feb 2008	Message Posted: Aug 13, 2012 10:22:06 AM Ignore smoketown Report Abuse And the survey says.............
Toppers Champion Author Atlanta Posts:9,012 Points:2,470,695 Joined:Mar 2005	Message Posted: Aug 13, 2012 10:19:00 AM Ignore Toppers Report Abuse Yikes!
tutaw Champion Author Kentucky Posts:3,595 Points:841,770 Joined:Sep 2008	Message Posted: Aug 13, 2012 10:17:49 AM Ignore tutaw Report Abuse not good
eswi Champion Author Madison Posts:2,540 Points:682,405 Joined:Mar 2009	Message Posted: Aug 13, 2012 10:16:30 AM Ignore eswi Report Abuse OK
HEBster Champion Author Kentucky Posts:8,788 Points:2,374,025 Joined:May 2006	Message Posted: Aug 13, 2012 10:16:22 AM Ignore HEBster Report Abuse Jumpin' in KY
jorja13 Champion Author British Columbia Posts:1,093 Points:249,735 Joined:Aug 2008	Message Posted: Aug 13, 2012 10:12:55 AM Ignore jorja13 Report Abuse Gas here went up overnight last week by 8 cents/litre (30 cents/gallon)....it's now 133.9 or $5.07 US.
wshutton Champion Author Los Angeles Posts:1,667 Points:924,945 Joined:Mar 2009	Message Posted: Aug 13, 2012 10:11:27 AM Ignore wshutton Report Abuse Yes, but Romney's speculator friends are making more money. Isn't that all that matters?
amayne11 Champion Author Vancouver Posts:1,751 Points:499,000 Joined:Nov 2011	Message Posted: Aug 13, 2012 10:11:22 AM Ignore amayne11 Report Abuse bad news
alex395 Champion Author Louisville Posts:2,045 Points:276,435 Joined:Jan 2007	Message Posted: Aug 13, 2012 9:32:16 AM Ignore alex395 Report Abuse Goodbye Obama.
zeeflyers All-Star Author Pittsburgh Posts:677 Points:218,185 Joined:Feb 2012	Message Posted: Aug 13, 2012 8:56:05 AM Ignore zeeflyers Report Abuse No one want ethonal in our gas.
WestMichigan Champion Author Grand Rapids Posts:2,473 Points:554,865 Joined:Mar 2011	Message Posted: Aug 13, 2012 8:18:32 AM Ignore WestMichigan Report Abuse Get rid of ethanol
Clits All-Star Author Louisiana Posts:866 Points:257,040 Joined:Mar 2005	Message Posted: Aug 13, 2012 8:16:20 AM Ignore Clits Report Abuse It's a roller coaster BABY! Has been for many years
zaq001 Champion Author Atlanta Posts:3,975 Points:1,472,850 Joined:Oct 2008	Message Posted: Aug 13, 2012 8:11:23 AM Ignore zaq001 Report Abuse not a surprise. They won't fall until after Labor Day!
hok Champion Author Los Angeles Posts:1,370 Points:1,006,820 Joined:May 2008	Message Posted: Aug 13, 2012 8:10:36 AM Ignore hok Report Abuse √ Yes, indeed
RaginCajun68 All-Star Author Fort Worth Posts:860 Points:210,610 Joined:Sep 2005	Message Posted: Aug 13, 2012 7:57:49 AM Ignore RaginCajun68 Report Abuse Really? We should count our lucky stars.
flyfast Champion Author Kansas City Posts:9,248 Points:1,825,810 Joined:Jan 2008	Message Posted: Aug 13, 2012 7:55:33 AM Ignore flyfast Report Abuse MORE BS FOR PRICE TO GO UP
BudsterMO Champion Author Kansas City Posts:3,705 Points:702,955 Joined:Aug 2009	Message Posted: Aug 13, 2012 7:53:34 AM Ignore BudsterMO Report Abuse The blenders (big oil Companies) should switch over to Sugar Cane based ethanol at 35% cheaper than Corn based Ethanol which would significantly lower the cost of gas and diesel and pass those savings on to customers (us). The corn farmers can shift back to growing corn for people and animals to eat in abundance thereby lowering the price of corn based food.
skybiker Champion Author South Carolina Posts:7,292 Points:1,559,415 Joined:Jul 2008	Message Posted: Aug 13, 2012 7:44:53 AM Ignore skybiker Report Abuse Only a temporary spike!!!
greenfog Champion Author Illinois Posts:6,485 Points:1,638,045 Joined:Feb 2008	Message Posted: Aug 13, 2012 7:38:20 AM Ignore greenfog Report Abuse that is all BS, it was planned by big oil and speculators jumped on it to increase the price.
cssco Champion Author Virginia Posts:7,321 Points:1,750,555 Joined:Feb 2006	Message Posted: Aug 13, 2012 7:36:35 AM Ignore cssco Report Abuse The pig (big oil) is hungry and needs all of your spare resources.
96WAGON Sophomore Author Sacramento Posts:248 Points:18,670 Joined:Jul 2012	Message Posted: Aug 13, 2012 7:32:42 AM Ignore 96WAGON Report Abuse Ahh yes, "No Change" was the policy I was leaning towards...LMAO!!!
Costello Champion Author South Dakota Posts:1,406 Points:1,153,590 Joined:Jan 2007	Message Posted: Aug 13, 2012 7:31:50 AM Ignore Costello Report Abuse Again
dlzastera Champion Author Minnesota Posts:4,505 Points:1,022,370 Joined:Mar 2006	Message Posted: Aug 13, 2012 7:28:45 AM Ignore dlzastera Report Abuse No change untill Nov 2012.
ModelWarships Champion Author Missouri Posts:5,790 Points:1,231,110 Joined:Jul 2008	Message Posted: Aug 13, 2012 7:27:48 AM Ignore ModelWarships Report Abuse oh joy
96WAGON Sophomore Author Sacramento Posts:248 Points:18,670 Joined:Jul 2012	Message Posted: Aug 13, 2012 7:25:06 AM Ignore 96WAGON Report Abuse OK!! SO we've heard all the doomer & gloomer's reports on how Obama has somehow controlled gasoline prices. What is or will be Mitt's energy policy??
mh44s Champion Author Madison Posts:4,384 Points:1,688,990 Joined:May 2006	Message Posted: Aug 13, 2012 7:23:48 AM Ignore mh44s Report Abuse Drop the ethanol requirement. Gas prices jumped $.55 in the last 2 weeks.
treehood Champion Author San Diego Posts:2,039 Points:395,785 Joined:May 2011	Message Posted: Aug 13, 2012 7:23:41 AM Ignore treehood Report Abuse I'm not sure about you but all my costs have gone up. Taxes, food, clothing, utilities, maybe some electronics have gone down but I am not buying them everyday. I don't like paying more for fuel but I still believe it is a good price and I would rather have what I need at $4+ than have none at $1.50.
shea33 Champion Author Pensacola Posts:2,368 Points:542,940 Joined:Oct 2011	Message Posted: Aug 13, 2012 7:23:14 AM Ignore shea33 Report Abuse ok