BALTIMORE (WMAR) - As August begins, gas prices are rising. Prices have risen 7 cents since last week, bucking the typical trend of gas prices dropping during the month.
August gas prices have historically declined seven out of the previous ten years. Nevertheless, AAA predicts that gas prices for August will likely remain flat or experience a small increase for the first time in since August 2009.
Prices are expected to begin to decline soon after Labor Day as the summer driving season ends, and demands decline.
Although gas it 13 cents lower than last year, prices at the pump have continued to climb for the 5th straight week. The national average for a gallon of regular gasoline is $3.57, up 8 cents from $3.50 a week ago.
Crude oil prices barely remain below $90 per barrel, having closed Thursday at $87.13 per barrel. As of mid-morning Friday, trading was above $90 per barrel after the morning's much-anticipated unemployment rate added 163,000 jobs.
Information from AAA Mid-Atlantic
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