Gas prices flat, but increases on horizon - CNN

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Prices were flat over the past two weeks (CNN) -- U.S. gas prices were all but flat over the past two weeks, but rising crude oil prices are likely to result in an increase in fuel costs soon, according to a new national survey.

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The average price of a gallon of self-serve regular gasoline sat just under $2.83 per gallon as of November 5, said Trilby Lundberg, publisher of the biweekly Lundberg Survey. That's up less than half a penny from the last survey, on October 22, Lundberg said. But the Federal Reserve's attempt to boost the U.S. economy with a $600 billion purchase of government bonds has contributed to an increase in crude prices by depressing the dollar, the standard currency for oil trades. That means the cost of fuel, including diesel, is likely to jump by as much as 10 cents to 15 cents per gallon, Lundberg said.

Gas prices flat, but increases on horizon - CNN

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