Gas Prices Surging Again

The price of gas has been headed up for two straight weeks. Here’s why.

From The Associated Press

The average U.S. retail price rose 13 cents over the past two weeks to $3.42 per gallon, and within a few days it will likely set a record for this time of year.

The culprits: Rising crude oil prices, slowing output at refineries that are undergoing maintenance, and low supplies of gasoline.

This usually happens, but not this early in the year. The average price last February was $3.55. Last year had the highest ever average gas price: $3.60.

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