Gas prices jump, oil futures edge up

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clipped from www.latimes.com Gasoline prices are rising nationwide as the summer driving season nears, and oil futures appear poised for a breakout on encouraging economic news and fears about the seriousness of the Gulf of Mexico oil spill. Over the last week, pump prices saw their biggest jump in more than a month, according to the Energy Department's weekly survey of U.S. filling stations. Receive breaking news alerts on your mobile device. Register » Nationwide, the average price of a gallon of regular gasoline rose 4.9 cents to $2.898. In California it rose 3 cents to $3.118. The national average is 82 cents higher than it was a year earlier; the California average is 76.3 cents higher. California had the highest price in the survey. Colorado had the cheapest average, at $2.727 a gallon. Oil prices drew strength Monday from government data that showed that consumer spending in March rose the fastest in five months.

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