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Tue July 5, 2011
Gasoline prices heading higher
Michigan gasoline prices are getting closer to four dollars again. GasBuddy.com predicts prices will increase by another 5 to 10 cents during the next few days. That’s on top of a 20 cent jump the week before the Fourth of July holiday weekend.
Jason Teows with Gas Buddy says increasing demand is fueling the price increase at the gas pump.
“We may see gasoline prices going up at the end of the summer driving season. Especially if we have a big hurricane season, we may see it back over 4 dollars a gallon if that happens.”
Teows expects Michigan’s average gas price will fluctuate between $3.50 and $3.85 a gallon for rest of the summer.