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Auto News | After 11 Week Decline, Gas Prices Rising

“Gas prices up after 11 weeks of drops”

For the second week in a row, gas prices are continuing to climb after an 11 week trend of lowered pricing, at an average drop of just over a penny a day.

In the Inland Empire, the average price is $2.415, up 2.8 cents from last week, 17 cents below last month, and 28 cents lower than last year.

This is the second straight week that the national gas price average has risen, and oil industry analysts expected the increase sometime in November because of OPEC’s decision to cut back on crude oil production, the Auto Club said.

This excerpt was quoted from a California source, however the decline in gas prices has been reported nationwide.

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Posted on Friday, November 10th, 2006 at 8:50 pm In Auto Warranty  


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