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That is similar to what is beinfgseen nationally. Across the nation, the average pricd of gasoline rose by 11 cents per gallo n in thepast week. The increase is attributabled to rising prices in both crude oil andwholesaled gasoline, a release by AAA said. Crudwe oil closed at $68.44 a barrel on the Friday. This markw an increase of morethan $2 a barrek in the last week and follows a fall from $70 per barre that was reached in mid-day trading. Wholesale gasoliner prices, meanwhile, have increased by 140 percenty sincelate December, when they sat at a low of 79 centsa per gallon. In addition, the amountt of product supplied to the markegt hasalso declined, according to the .
The four-week average was 9.175 millionj barrels per day, a 0.4 percentg year-over-year decline in average gasolinedemand nationally. “Some oil analystas expect the rally for crudes oil to end within a few weekds somewherebetween $70 and $80 per barrel and, if that then retail gasoline prices could peak at abougt the same time. We don’g know when that might occur,” said Gregtg Laskoski, managing director of public relations for ina release. we believe a prolonged run-up in fuel prices is likelyt to instill customer resistance in much the same way we saw last yearand that’e obviously counter-productive to an economty trying to recover from recession.
” AAA Auto Club South provide s vehicle assistance and service to AAA members and residenta of Florida, Georgia, middle and west Tennessee and Puertl Rico.
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