Average gas price inches up

Associated Press

CAMARILLO, Calif.

The average price of gasoline in the U.S. is up about a penny over the past two weeks to $2.26 for regular grade.

Industry analyst Trilby Lundberg said Sunday that the price rise came despite a dramatic drop in crude oil prices.

Lundberg says refiners and retailers kept the margins from oil price cuts to recover from previous losses. She also says a big gasoline tax hike in New Jersey helped push up the national average.