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Why gas prices are on the rise

March 21st, 2016 by WCBC Radio

Maryland motorists have watched in despair in recent weeks as gas prices climb back toward the once-desirable $2 threshold. AAA Mid-Atlantic said Friday in a report that the average price of a gallon of regular unleaded gas in Maryland was $1.98, up from $1.88 a week ago. Analysts say gas prices may continue to rise in the coming weeks, as refineries continue their annual maintenance. They also cite stronger demand for gas, declining supplies and higher crude oil supplies. The price of gas in the state is a penny above the national average. The average price of a gallon of regular unleaded gas in cities around the state includes $1.98 in Baltimore, $1.94 in Cumberland, $1.95 in Hagerstown and $1.87 in Salisbury. Motorists in the state are paying 44 cents less per gallon than at this time last year when the average price of a gallon of regular gas was $2.42 per gallon. The national average price on Friday was $1.97, up 8 cents from last week.

 

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