Analyst Says War Fears Pushing Gas Prices Up -
POSTED: 10:11 a.m. EST January 27, 2003
Gas prices are up, an analyst says, at least in part on fears of a war on Iraq.
The cost of a gallon has risen nearly 1.5 cents over the past two weeks, according to analyst Trilby Lundberg.
The average weighted price for gas nationwide, including all grades and taxes, is about $1.52, according to the Lundberg Survey of 8,000 stations.
Along with the Iraq situation, the general strike in Venezuela is contributing to the increase, as is the intense cold on the East Coast, which is prompting some refiners to produce more heating oil.
AAA's analysis says that the average price for a gallon of unleaded gas is $1.47, almost six cents higher than a month ago, and 25 cents higher than a year ago.