BREAKING NEWS
Gas prices have risen five cents in the past week
Gas prices have gone up for 31 straight days according to AAA and economists say it doesn't look like prices will be decreasing any time soon.
Photographer: Justin Sullivan/Getty Images
Copyright Getty Images
Posted: 09/16/2012
According to AAA, the average price of $3.87 per gallon is up 16 cents from a month ago and 24 cents from a year ago.
Prices normally start to decline after Labor Day, but a number of national and international factors have led to an uptick in the price of crude to a four-month high.
Among them are the tensions in the Middle East, the German bailout of the eurozone as well as U.S. refinery shutdowns due to Hurricane Isaac and for upgrading.
Expectations are for gas prices to start to decline and stay that way for a few months now that refineries have switched over from higher priced summer blend of gas to winter blend.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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