Gasoline prices, which hit a 2012 low of $3.22 a gallon Dec. 19, are up 8 cents in the past two weeks and will likely continue climbing through April. Experts say the 2013 national average will likely top out at about $3.95 a gallon.
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That early winter break you’ve been getting at the gasoline pump? It’s beginning to show signs of cracking.
Gasoline prices remain below $3 a gallon in at least 50% or more outlets in 14 states. But the national average has crept up three cents to $3.30 a gallon the past week and 8 cents since hitting a 2012 low of $3.22 in mid-December.
It’s likely to get worse in the coming weeks. Crude oil prices are up about $10 a gallon the past month, with benchmark West Texas Intermediate crude closing at $93.09 a barrel Friday, finishing the week up 2.5%.