Gas Jumps 16 Cents in Two Weeks, Lundberg Says

The average price of regular gasoline jumped 16 in the past two weeks, according to the latest Lundberg Survey of filling stations released Sunday.

Regular gasoline rose to $2.96 a gallon, the twice-monthly survey said. Mid-grade was $3.08 and premium was $3.19 a gallon, oil industry analyst Trilby Lundberg said.

Oil prices hit record highs last week, topping out the trading week above $95 a barrel for the first time on Friday on the New York Mercantile Exchange, Bloomberg reported.

The lowest average gas price was in Newark, N.J., at $2.73 a gallon, while the highest was in San Francisco at $3.28, the Lundberg Survey said.