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Local gas prices rose 14 cents a gallon in 2012

Rochester Business Journal
January 15, 2013

Rochester-area gasoline prices rose some 14 cents a gallon from January to December last year, a weekly survey by GasBuddy shows.

Locally, gas prices increased from $3.52 a gallon at the beginning of 2012 to $3.66 a gallon by the end of December. Nationally, gas averaged $3.34 a gallon a year ago and decreased to $3.27 a gallon by the end of December.

GasBuddy forecasts gas prices nationally will peak in April this year—ranging from $3.80 a gallon to $4.05 a gallon—as refineries begin producing cleaner burning summer gasoline and perform maintenance at facilities. GasBuddy also noted from August to mid-September some volatility can be expected as a result of hurricane season and potential harm to the country’s oil infrastructure.

“The saying goes that all you can be sure of in life is death and taxes,” GasBuddy senior petroleum analyst Patrick DeHaan said. “I’d add the seasonal run-up in gas prices every spring as something I’m sure of in life.”

So far this year Rochester-area gas prices have remained relatively flat at $3.66 a gallon on Jan. 14, GasBuddy reported. That compares with the national average of $3.26 a gallon.

GasBuddy operates more than 250 websites tracking gas prices at more than 140,000 stations nationwide, including RochesterGasPrices.com. In Rochester, GasBuddy tracks price changes at more than 300 retail outlets.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


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