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Gas Prices Up 25 Cents in Past Three Weeks

Reuters reports that the Lundberg survey released Sunday reports a 25 cent jump in gas prices over that past three weeks. Gas prices are expected to jump because of people traveling more in the summer but the are not expected to get anywhere near last year's record prices.
The average price for a gallon of gasoline in the United States increased nearly 25 cents in the past three weeks on a rise in crude oil prices, according to the Lundberg survey released on Sunday.

The average national price for self-serve, regular, unleaded gasoline was $2.3010 a gallon on May 15, up from $2.0549 a gallon on April 24, according to a nationwide survey of 5,000 gas stations.

Prices rose about 8.2 cents a week on average.

The price is below last year's levels and far below the high of more than $4.11 a gallon set on July 11, 2008.
Even though gas prices are much less than last year it is still going to painful for many consumers who are already cutting back because of economic concerns. The nation's average gas prices for a gallon of gas is currently around $2.30 according to the Lundberg survey.

Posted on May 17, 2009





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