Gas prices climb with aggressionPublished 10:40pm Monday, February 27, 2012
Average retail gasoline prices in Michigan have risen 22.7 cents per gallon in the past week, averaging $3.67 per gallon Sunday. This compares with the national average that increased 11.3 cents per gallon in the past week to $3.64 per gallon, according to gasoline price website MichiganGasPrices.com.
Including the change in gas prices in Michigan during the past week, prices Sunday were 25.2 cents per gallon higher than the same day one year ago and 26.2 cents per gallon higher than a month ago.
The national average increased 26.6 cents per gallon during the past month and stands 29.8 cents per gallon higher than this day one year ago.
“2012 is looking increasingly like 2008,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.com. “Gasoline prices are climbing aggressively as speculation drives crude oil higher; and once again, it’s an election year. But this time, its the volatility in the Middle East that has everyone wondering ‘How high is up?’”
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