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Gasoline prices at the pump in the Miami Valley have jumped again, well above the $3 mark for regular grade, and that’s mostly the result of a price cycle, said GasBuddy’s Head of Petroleum Analysis on Wednesday.
>> WHIO Pump Patrol: Finding Cheap Gas Prices
Regular gasoline prices have been falling for more than four weeks, GasBuddy analyst Patrick De Haan told News Center 7’s Brandon Lewis.
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When prices fall as they have, gas stations will eventually have to raise their prices again to avoid losing money.
What are the prospects for the rest of this summer?
Overall, I think prices continue to bounce every two weeks, De Haan said. We will see a big jump, but prices after today will start to come back down.
>> RELATED: Gasoline prices rose in January | here’s why
The rise in gasoline prices is noticeable as it comes as inflation hit its lowest point since the start of 2021. At this point a year ago, gasoline prices were at about a dollar and 50 cents more than they are now.
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