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Monday, June 27, 2005
Drivers get hit at gas pumps as oil prices climb

CAMARILLO, Calif. - Gas prices are on their way back up.

Prices have surged an average of eight cents a gallon in the last two weeks according to an industry survey.

Prices had been falling since April.

The average retail price for all three grades of gas hit $2.24 cents a gallon on Friday, up from $2.16 on June 10th according to industry analyst Trilby Lundberg.

The price is eight cents from the all-time average high of $2.32, which was set in April.

The increase comes as a result of a steep climb in the cost of crude oil.

Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Drivers get hit at gas pumps as oil prices climb

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