Up by a Dime, Gas Prices Edge Higher Again

By Peter Neumann

Up by a Dime, Gas Prices Edge Higher Again

December 30, 2013 Updated Dec 30, 2013 at 11:53 AM EDT

DETROIT, Mi. (My TV20 News at 10) --- Average retail gasoline prices in Detroit have risen 10.1 cents per gallon in the past week, averaging $3.31/g Sunday, according to GasBuddy's daily survey of 1,734 gas outlets in Detroit.

This compares with the national average that has increased 4.9 cents per gallon in the last week to $3.29/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Detroit during the past week, prices yesterday were 1.8 cents per gallon higher than the same day one year ago and are 12.7 cents per gallon higher than a month ago. The national average has increased 4.0 cents per gallon during the last month and stands 2.2 cents per gallon higher than this day one year ago.

"The sub $3/gallon gas was great while it lasted, but unfortunately it has nearly completely dried up," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "As of late Sunday night, zero states were seeing their averages under $3/gallon. As the New Year rolls in, this is a type of trend that we're used to seeing. The bottom is behind us and prices generally begin the New Year on a higher note, like they will again this year. The trend won't last forever though, as January and February feature generally weak demand that should limit increases and keep prices relatively moderate for the next month or two," DeHaan said.

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