AAA: Gas prices highest since September '08

April 5, 2011 9:30:45 AM PDT
Gas prices in the Philadelphia region have hit their highest mark since September, 2008, according to AAA.

In a news release on Tuesday, AAA said the average retail price of a gallon of regular, self-service gasoline in the Philadelphia area hit $3.66 a gallon overnight.

That's up nine cents in the past week and 17 cents in the past month to a new, 30-month high.

Nationally, the average retail price for a gallon of regular, self-service gasoline reached $3.69 a gallon, also a 30-month high. That's up 10 cents in the past week and 19 cents in the past month.

AAA went on to say that gas prices had stabilized over the last three weeks of March, but are now resuming the feverish pace experienced earlier this year.

"The effects of international turmoil in oil exporting countries in the Middle East and North Africa and developments in earthquake-ravaged Japan continue to impact the upward climb of crude oil and, in turn, gas prices," said Rick Remington, Manager of Public and Government Affairs for AAA Mid-Atlantic.?

Remington went on to say that he believes gas prices will top out around $3.75 a gallon this spring.

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