Gas price spikes continue, but peak may be near - KWWL - Eastern Iowa Breaking News, Weather, Closings

Gas price spikes continue, but peak may be near

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The price of a gallon of gasoline has jumped 11 cents over the past two weeks.

That's according to the latest Lundberg Survey of fuel prices, which puts the average price of regular at $3.93 a gallon nationwide.

But oil industry analyst Trilby Lundberg says it may not go much higher.  She says crude oil prices have started to ease and there's plenty of supply and refinery capacity.

Of the cities surveyed, Chicago has the nation's highest average price for gas at $4.58.

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