Wednesday, April 6, 2011

US Gas prices: Up 20% from January

Gas prices have risen for 15 days straight days and are getting closer to the all-time high of $4.114 a gallon, reached in July 2008.

The average price of unleaded jumped 2.2 cents overnight to $3.707 a gallon, according to motorist group AAA. In the past three weeks alone, prices have jumped 4%. Year to date, gas prices are up a whopping 20%.

And it's not even summer driving season yet, when prices tend to peak for the year.

At this time last year, the nationwide average price for a gallon of unleaded was $2.83. That means that gas prices have gone up 87 cents, or 30%, over the last 12 months. (read more)

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