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Rise in gas prices slows

Published 9:32pm Monday, January 16, 2012

Average retail gasoline prices in Michigan have risen five cents per gallon in the past week, averaging $3.54 per gallon Sunday.

This compares with the national average that increased 1.1 cents per gallon in the past week to $3.34 per gallon, according to gasoline price website MichiganGasPrices.com.

Including the change in gas prices in Michigan during the past week, prices Sunday were 46.7 cents per gallon higher than the same day one year ago and 32.4 cents per gallon higher than a month ago.

The national average increased 10.3 cents per gallon during the last month and stands 27.2 cents per gallon higher than this day one year ago.
“Gasoline prices have slowed their rise in the last week as oil prices have temporarily stabilized,” said Patrick DeHaan, a senior petroleum analst for Gasbuddy.com.

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