Gas prices rise for 34th consecutive day

February 20, 2013

Gas prices across the country and locally jumped 2 cents overnight to $3.77 a gallon, making Wednesday the 34th consecutive day that prices have risen.

On Tuesday, the price was $3.75 a gallon, according to John Townsend, a spokesman for AAA Mid-Atlantic.

Townsend said a month ago prices were $3.31 a gallon, making it a 46 cent hike since that time.

He said there are several issues driving the gas price increases, including refineries on the East Coast that are closing and other refineries on the West Coast being closed for maintenance.

Townsend said another factor behind the high prices is that “investors are pouring everything into crude and gas futures because they know prices are set to rise in the spring when people start traveling.”

“Demand is down, supplies are extremely tight,” he said.

Dana Hedgpeth is a Post reporter, working the early morning, reporting on traffic, crime and other local issues.
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