Gas Prices Up Nearly 37 Cents a Gallon in Last Month

Gas prices in the Seattle-Bellevue-Everett area continue to climb, jumping 37 cents in the last month, according to the latest figures from AAA released this morning.

It's likely that gas prices this summer will hit $4 a gallon or higher for regular unleaded, similar to what happened in 2008, said AAA spokeswoman Jennifer Cook.

Crude oil prices continue to go up because of events in Libya, the third-largest oil producer in Africa.

"The continued unrest will put pressure on crude oil prices; it’s likely we’ll see a continuation of this trend," Cook said. "It won’t be a surprise if gas prices in 2011 hit 2008 prices."

The current average price for regular unleaded locally is $3.72.

 Statewide, the current average price of gas is $3.684.

In Shoreline, local prices for regular unleaded include $3.79 at Chevron at 155th and Aurora Avenue North; $3.69 at Texaco on 15th Avenue Northeast in North City; $3.59 at Safeway on 15th Avenue Northeast in North City; and $3.53 at Costco at Aurora Village. 

For more information go to: http://www.fuelgaugereport.aaa.com/