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Gas prices moving up again

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MONROE, La., (KNOE 8 News) - Here in Louisiana, prices are up 3.1 cents on average. Yesterday, the average gallon was running about $3.20. If there's any good news, it's that prices are still running a little over 4 cents lower than a year ago, but the bad news is that the average gallon cost has jumped some 14.6 cents in the past month.

Nationally, prices were off by .6 cents this past week and are currently at 3.26 a gallon. The national average has dropped only 1.4 cents this past month, and is 8.7 cents lower than it was a year ago.

"The holiday buzz is wearing off and wholesale gasoline prices have fizzled. It appears that this year there will be little change in gas prices between Christmas and mid-January, something that has only happened one out of the last seven years," said Senior Petroleum Analyst Patrick DeHaan. "Gasoline inventories have rebounded sharply in the past several weeks, certainly a major factor behind the relatively stable gasoline prices. It's hard for prices to rally with the monster increases in supply we've been seeing," DeHaan said.

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