According to the AAA Fuel Gauge Report, gas prices edged up higher fractions of a penny over the weekend to reach yesterday’s average price of $2.28. This is seven cents less per gallon on the month and an increase of 58 cents per gallon compared to this same date last year.
Gas prices have remained relatively steady the past month due to a well-supplied crude oil market. Yesterday the Organization of the Exporting Petroleum Countries (OPEC) released their Monthly Oil Market Report showing that participating countries implemented 90 percent of the agreed upon production cuts, which took effect on January
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