Inside these posts: Gas prices

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Gas averaging $4 a gallon in Illinois, 4 other states

The average price of gasoline is now above $4 per gallon in five states, and it could rise to that level in New York and Washington, D.C., this weekend.

The national average has increased for 24 straight days, hitting $3.82 per gallon on Friday. It’s above $4 in Illinois, Connecticut, California, Hawaii and Alaska. Get the full story »

Ill. average gas price above $4, last seen in July ‘08

Steve Bruski, 22, of Albany Park fills up his car at a Mobil Station at the corner of Fullerton Ave. and Seminary Ave. in Chicago, March 7, 2011. (Heather Charles/Chicago Tribune)

Gas prices across Illinois and Indiana continued to climb in April from continuing unrest in the Middle East and the annual switchover to a more expensive summer blend of gasoline, according to AAA Chicago. It marked the first time the monthly average has been above $4 a gallon since July 2008.

Monthly average prices in Illinois and northern Indiana reached $4.02 and $3.90 respectively, AAA said this morning in its Fuel Gauge Report. In Illinois, regular unleaded gasoline has increased 39 cents during the past month and per-gallon prices are $1.02 higher than last year. Get the full story »

Gas averages $4.11 in Chicago, drivers cutting back

Gas prices continue to head higher, and as a result drivers are taking their foot off the accelerator and driving less. Get the full story »

Gas prices up 20% in 2011, 41 cents from high

U.S. gas prices have risen for 15 days straight days and are now within 41 cents of the all-time high of $4.114 a gallon, reached in July 2008.

The average price of unleaded jumped 2.2 cents overnight to $3.707 a gallon, according to motorist group AAA. In the past three weeks alone, prices have jumped 4 percent. Year to date, gas prices are up a whopping 20 percent. And it’s not even summer driving season yet, when prices tend to peak for the year. Get the full story »

U.S. gas prices rise 9 cents, hitting April record

Chicago gas prices jumped 18 cents last week. (Joe Raedle/Getty)

U.S. gasoline prices soared nearly 9 cents over the last week to $3.68 a gallon, the highest pump price on record for April, the Energy Department said on Monday.

The national price for regular unleaded gasoline is up 86 cents from a year ago, based on the department’s weekly survey of fuel prices at service stations. Cleveland and Chicago had the biggest weekly gasoline price increases, rising 19 and 18 cents a gallon, respectively. Get the full story »

Gasoline prices finally reverse course

Gasoline prices dipped for a second straight day on Wednesday, providing a reprieve to motorists after a 20-day streak of gains, even though they’re expected to rise again.

The nationwide average price for a gallon of regular unleaded gasoline slipped 0.3 cent to $3.533 on Wednesday, reported the motorist group AAA. In Chicago, gas prices were down 0.3 of a cent overnight to $3.693. A week ago, Chicago gas prices averaged $3.72. Get the full story »

Retail sales post largest gains in 4 months

U.S. retail sales posted their largest gain in four months in February as shoppers stepped up purchases of autos, clothes and other goods even as they spent more for gasoline. Friday’s report from the Commerce Department pointed to strong consumer spending and acceleration in economic growth in the first quarter. Get the full story »

U.S. may tap oil reserves as gas prices rise

The U.S. government reiterated that it could tap its strategic oil reserves in order to safeguard economic growth as surging gasoline prices increase pressure for action. Get the full story »

U.S. retailers’ sales rise, but gas prices threaten

A shopper outside of Tiffany & Co. on Chicago's Michigan Avenue. (David Pierini/Chicago Tribune)

Top U.S. retailers posted stronger-than-expected sales gains for February, a show of strength that could dissipate in March as a late Easter and rising gasoline prices take their toll.

The chains reported a rise of 4.2 percent in sales at stores open at least a year, according to Thomson Reuters data. Analysts had expected the Thomson Reuters index of 25 retailers to show a 3.6 percent rise in same-store sales last month.

The results confirmed consumer confidence data showing that the U.S. economy is on better footing despite the spike in gas prices. Get the full story »

Gas prices top $4 at some Chicago stations

For the first time since the summer of 2008, gasoline prices in Chicago have climbed over the $4 mark.

Prices have climbed above $4 at some stations such as the BP station at Lawrence Avenue and Marine Drive in Uptown which is charging $4.09 for a gallon of regular this morning. Though, AAA reports Chicago gas prices average out at $3.59, which is significantly higher than last year’s $2.80 for a gallon of regular Get the full story »

U.S. gasoline demand undeterred by high prices

U.S. retail gasoline demand rose 3.1 percent in the latest week despite a sharp jump in pump prices as warmer weather boosted use of the fuel, MasterCard Advisors’ SpendingPulse report showed Tuesday.

Average gasoline demand climbed to 9.118 million barrels per day in the week to Feb. 25. Year-over-year demand shot up 3.8 percent for a seventh straight week of gains, MasterCard said.

Over the latest four weeks, U.S. gasoline consumption rose 2.6 percent year-on-year. Get the full story »

U.S. gasoline price jump is biggest since Katrina

The average price U.S. drivers paid for gasoline soared 19.4 cents over the last week to $3.38 a gallon, the biggest jump in pump prices since Hurricane Katrina disrupted petroleum supplies in September 2005, the Energy Department said on Monday.

U.S., Chicago gas prices spike 6 cents overnight

A customer purchases gasoline at a Chicago Shell station on Feb. 7, 2011. (Scott Olson/Getty Images)

U.S. gas prices jumped 6 cents overnight, as the recent spike in oil prices begins to hit filling stations across America. That marks the third day in a row that prices have risen, and brings the national average to the highest level since October 2008.

The national average price for a gallon of regular gas rose 5.9 cents to $3.287, motorist group AAA said Friday. Gasoline also jumped 6 cents overnight in Chicago, where prices averaged $3.497. Get the full story »

Gas prices up 55 cents from a year ago

U.s. gasoline prices have jumped another nickel per gallon — pushing prices to 55 cents more than a year ago — according to a study published Sunday.

The average price for a gallon of regular is $3.18, the Lundberg Survey found. That’s up 5 cents from two weeks ago, publisher Trilby Lundberg said. In Chicago, the average price for a gallon of regular is $3.284, according to AAA’s Fuel Gauge report. Get the full story »

U.S. demand for gas falls with Northeast snows

U.S. retail gasoline demand fell 12.5 percent last week after a winter storm forced drivers off the roads, MasterCard Advisors’ SpendingPulse report showed Tuesday. Get the full story »