Local, National Gas Prices Rise Sharply

Prince of average gallon in Philadelphia area rises 32 cents in a month

Sunday, Feb 24, 2013  |  Updated 9:52 AM EDT
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Local, National Gas Prices Rise Sharply

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Motorists are continuing to see sharply higher prices at the pumps across the region and across the nation.
 
AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.63, up 6 cents from last week. That's also higher than the price from a year ago, when motorists were paying $3.54.

 
However, those prices are the lowest in the region, as Delaware motorists will have to pay $3.69 for an average gallon of regular gas. And in the Philadelphia area, that average cost of a gallon rises to $3.78, up from $3.70 at this time last year and $3.46 just one month ago.
 
Meanwhile, the national average price rose 14 cents to $3.78. That's also higher than the national average from a year ago, when motorists were paying $3.61.
 
Analysts say the higher gas prices are mainly due to the trend of refineries across the U.S. performing seasonal maintenance and making the switch-over to summer blend gasoline production earlier than normal.
 
Rising crude oil prices have also played a role, though oil prices have eased in recent days.

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