Gas Prices Shot Up Another 17 Cents Per Gallon Over the Past Two Weeks

Gas prices shot up another 17 cents per gallon over the past two weeks. Since Feb. 24, the average price of a gallon of self-serve unleaded has risen 42 cents. Some of the pump price surge comes from higher crude-oil prices, but most is the new fuel specifications resulting from energy-bill provisions and EPA regulations.

Assuming no further crude-oil price jumps or any emergency affecting refining capacity, gasoline supplies should swell and prices should drop soon