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Gas prices jump 3 cents over past week

The national price for gasoline reached a new record high, rising 3.2 cents over the last week to $1.844 a gallon on Monday, the U.S. government said.
/ Source: Reuters

The national price for gasoline reached a new record high, rising 3.2 cents over the last week to $1.844 a gallon on Monday, the U.S. government said.

The latest pump price is up 33 cents from a year ago, according to the U.S. Energy Information Administration’s weekly survey of service stations.

The average price for a gallon of unleaded gasoline had declined slightly last Monday after climbing to new record highs during each of the prior four weeks.

Fuel prices are on the rise again because of strong demand for gasoline and tight petroleum supplies.