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Gasoline Prices Already Over Last Summer’s Peak

Triple A says gasoline prices at the pump have already passed last summer’s peak. Nationally, gasoline jumped another three cents to close the week at 3.69 per gallon. Virginia was 3.52 and Richmond 3.49.  The national average is just over last summer’s peak price of 3.67, which didn’t happen until mid-July.  Though oil inventories have increased, Triple A’s Martha Mitchell says geopolitical factors, a price rise in crude oil or unscheduled refinery shutdowns could affect prices.  As it is she expects prices to peak in the coming weeks at up to 3.75 nationally.  Richmond is generally 15 to 20 cents less.