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Gas Prices Expected To Go Up 14% This Summer

Gas prices are expected to go up 14 percent this summer, over last summer, which would put the average price for a gallon of gas in California to just over $4. The Energy Information Administration just released its annual report. They say gas prices usually go up in the summer because we’re traveling more, but this spike is expected mostly because of higher crude oil prices. Nationwide the average price is 2.74 a gallon. But, prices are much higher here in California. According to AAA, we’re paying a statewide average of $3.52 a gallon. And, it’s only slightly lower here in Sacramento at $3.43 a gallon. The highest gas price ever recorded in California was $4.67 a gallon on October 9, 2012.

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