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Although Gas prices surge 9%: Do Not Fear $4

Gas prices have surged nearly 9% over the past two weeks, but analysts say a reoccurrence of last summer’s record highs of $4 a gallon is not on the horizon. Gasoline prices have escalated about 18 cents during the past 13 days, with the national average hitting $2.226 a gallon on Monday, according to a survey by motorist group AAA. While prices have been on a tear, they are still some 46% lower from the all-time high of $4.114 a gallon hit last July.

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