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Prices at the pump are up 18 cents over the last 13 days but analysts say $4 a gallon is not in the cards.
NEW YORK (CNNMoney.com) -- There's plenty of economic pain to go around these days because of the recession. Now there's this: Gas prices have surged nearly 9% over the past two weeks.
That's a gain of 18 cents during the past 13 days, and the national average hit $2.226 a gallon on Monday, according to a survey by motorist group AAA.
The good news: analysts say a return to last summer's record highs of $4 a gallon is not on the horizon. Indeed, 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.
Gas prices always rises at the start of Spring/summer months and around holidays. I expected this even with the strain on the economy. But then again looking at the results of the poll so far I wonder how much the economy has really faltered.