January usually sees the lowest gas prices of the year because of reduced demand and the cheaper winter blend. That wasn’t the case last month.
The national average for regular unleaded for January was $3.32 a gallon, up 13 cents, or four percent. That was the first monthly increase since August. Gas prices have gone up for each of the last 14 days, and 22 out of the 31 days in January. Gas supplies and production still haven’t recovered from the impacts of Superstorm Sandy.
AAA Mid-Atlantic is predicting that gas prices will continue rising this month as oil refineries close for their scheduled turnaround maintenance to prepare for the switch to produce summer-blend gasoline.
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