Laughable to Some, Stocks Plunge as Gas Prices Jump Again: Up 17 Cents Overnight in N.J.

abc_wn_gas_110304_wgSUSANNA KIM

With gas prices as high as they are, the situation has become almost laughable. After the biggest one-week rise in oil prices in two years, weekly gas prices increased 6 percent this week, according to the Department of Energy.

The national average is $3.38 per gallon, an increase of 19 cents over the previous week and 68 cents from the previous year. The average price in California, one of the most expensive states, is $3.72 per gallon. The least expensive gas is in the Rocky Mountain region — $3.18 a gallon.

It was enough to inspire pranksters to modify a gas station price to read LOL, alluding to the surprise that commuters often feel when they fill up at the pump. 

Cash strapped consumers vent about high gas prices.

In the U.S., how much pain at the pump drivers feel may depend upon three factors: location, location and location. In Orlando, Fla., two gas stations that are the closest to the airport, and across the street from each other, are selling regular at $5.29 and $5.19 a gallon.

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