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Why Are Gas Prices Rising

Saturday, February 23, 2013

Gas Prices Are Going Up - Again

During the past three weeks the cost for a gallon of gas has risen 40 cents, the biggest jump in almost a year.

No, it's not your imagination - gas prices are going up. In just the past 36 days the cost at the pumps has steadily increased. And in the past three weeks the cost of a gallon of gas has jumped 40 cents. The average price of a gallon of gas is now $3.72 nationally. In Snellville the price is averaging around $3.70 according to GasBuddy.com and $3.79 in metro Atlanta. What's driving the prices up? The increased cost of crude oil, oil refinery shutdowns and speculation say the experts. The cost is not expected to drop until spring. “This is a very early rise,” says Tom Kloza, chief oil analyst at the Oil Price Information Service. “January has tended to be a quiet month through the years, but the rally really began in earnest around Jan. 15…

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