Gas prices rise - first time since July

Price at the pump tick up as summer hurricane season is in full swing.

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By Kenneth Musante, CNNMoney.com staff writer

August 29, 2008: 6:05 AM EDT

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NEW YORK (CNNMoney.com) -- Gasoline prices rose for the first time in more than a month, according to a nationwide survey of gas station credit card swipes Friday.

The average price of regular unleaded gasoline rose nine-tenths of a cent to $3.669 a gallon from $3.66 a day earlier, according to motorist group AAA and the Oil Price Information Service.

The price increase is the first in more than 40 days since falling from a record high of $4.114 a gallon set July 17.

Gas prices had been following an 18% decline in the price of crude oil - the main ingredient of gas.

Overall, gas prices have fallen off their highs in recent weeks. But prices at the pump are still 33% above the same time last year, when a gallon of gas cost $2.769.

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Markets	Last	Change
Dow Jones	8,376.24	-215.45 / -2.51%
Nasdaq	1,445.56	-46.82 / -3.14%
S&P 500	845.22	-25.52 / -2.93%
10-year Bond	110 14/32	Yield: 2.55%
U.S.Dollar	1 euro = $1.277	-0.000

December 4, 2008 4:02 PM ET

Company	Price	% Change
Tenneco Inc	2.51	-26.18%
Lear Corporation	1.85	-19.91%
Peabody Energy Corp	17.73	-19.34%
Chesapeake Energy Corporation	11.53	-18.23%

Dec 4 3:57pm ET †

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