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Gas prices rise as oil remains 'stubbornly strong'
Gas prices could hit record highs in 2022: GasBuddy analyst
Patrick De Haan, head of petroleum analysis at GasBuddy, predicts the national average for gasoline could hit $4 a gallon in the spring before peaking in the summer.
The average price of a gallon of gasoline in the U.S. has been on the rise for the first two weeks of 2022.
Currently, prices at the pump are standing at $3.29 per gallon, an increase of 2.3 cents from a week ago, according to GasBuddy, which compiles data from price reports covering over 150,000 gas stations across the country.
Although the national average is down 5.5 cents per gallon compared to a month ago, it's still 97.5 cents per gallon higher than a year ago, according to GasBuddy data. Prices are projected to climb even higher as spring approaches.
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Patrick De Haan, the head of petroleum analysis for GasBuddy, said gas prices have continued to increase even as gas demand struggles due to the fact that oil prices have "remained stubbornly strong."