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Gas Prices on the Rise

By November 20, 2006

Just in time for the travel laden Thanksgiving holiday, gas prices are on the rise according to the AAA Fuelgauge Report. Although the report only shows a two-cent per gallon increase since last month, the cost is up an average of five-cents a gallon over the past two weeks according to industry analyst Trilby Lundberg.

In parts of the country, the price for a gallon of gasoline jumped only a penny. The average comes from parts of California where 11-cent per gallon increases were seen.

Causes for the recent rise in gasoline prices can be attributed to violence in Nigeria, threats from members of the Organization of Petroleum Exporting Countries (OPEC) to pump less oil, and the oncoming winter with its demand for more heating oil.

Additionally, experts say prices fell so far so fast that they have to rebound upward. Others say there's a glut of oil available and that prices will not rise much.

Many Americans beleive the recent election had quite a bit to do with the flucuation in gasoline prices as well. Two of every five Americans insist the White House was behind the huge drop in prices and that once the election was over we'd be paying more, according to a Gallup poll last month.

Theories aside, as travelers embark on Thanksgiving vacations, it is important to keep in mind some of the things that can help to save fuel.
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