Gasoline Prices Continue to Climb

By: Associated Press Email
By: Associated Press Email

New York (AP) Gas prices now average more $3.75 a gallon.

AAA and the Oil Price Information Service say the national average price of a gallon of regular went up more than 2-and-a-half cents overnight.

Gasoline prices are 67 cents a gallon more than they were last year and they are expected to continue their sharp increase until at least Memorial Day.

Today's price is 2 cents higher than what the energy department had predicted for the peak price next month.

Some energy analysts say we could see a change this summer from the traditional gas pricing pattern. Generally, prices peak at Memorial Day and then decline through the summer.

They now fear the prices could remain high, or go up even more, because oil prices have doubled and there are no signs of those increases slowing or declining in the coming months.

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