Gas Prices Edge Up, but Well Below Year Ago

Gasoline prices rose nearly 3 cents per gallon in the last two weeks but consumers still enjoy considerable savings compared with prices a year ago, an industry analyst said. The average price for all grades was about $1.10 on Friday, according to the twice-monthly Lundberg Survey of 10,000 stations nationwide. That represents a price increase of about 2.82 cents a gallon since the March 2 survey, Trilby Lundberg said, adding that prices are nearly 18 cents lower than they were a year ago. The average national price was $1.28 on April 11, 1997.