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Gas prices in San Diego jumped almost 13 cents over the weekend to a new average of $4.35 a gallon, according to Charles Langley of Utility Consumers' Action Network, who had predicted the increase Friday. This morning's (May 14) average price is just 3 cents lower than this year's high of $4.38. The situation is reverse nationally. Gas prices have been dropping for more than a month, raising the consumer mood as measured by national surveys. According to GasBuddy.com, the national average is now down to $3.73. Today on consumer markets, oil has been trading a bit over $94 a barrel, lowest since December.

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Comments

pascal May 15, 2012 @ 9:46 a.m.

I drove past my usual gas station Monday morning and saw that where I'd filled up on Friday at $4.11 per gallon had gone up over the weekend to $4.27! I couldn't believe it. I think that's the biggest two-day jump I've ever seen. Thought I'd missed a newsflash over the weekend that Israel and Iran had finally attacked each other or something. Any idea why this big jump occurred?

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Don Bauder May 15, 2012 @ 10:23 p.m.

The explanation was not in the Middle East, because prices were going down nationally and up in San Diego. Best, Don Bauder

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