Price at the pump continues to rise

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Price at the pump continues to rise

The start of the new year saw an increase in gas prices, with the national average price for a gallon of gasoline costing $2.49, an increase of five cents on the week. Prices are about 11 cents more than at the same point previous year.

According to GasBuddy, gas prices on Sunday were 2.4 cents per gallon higher than the same day a year ago and 2.6 cents more per gallon than a month ago.

Meanwhile over the past week, the national average has increased 0.4 cents per gallon to $2.48.

AAA Northeast is a not-for-profit auto club with 62 offices in Rhode Island, Massachusetts, Connecticut, New Jersey, New Hampshire and NY, providing more than 5.2 million local AAA members with travel, insurance, finance, and auto-related services.

State of Tennessee- $2.26, up 1.6 cents per gallon from last week's $2.25. AAA advises motorists to shop around for the best prices in their area, and to make sure they and their passengers buckle up - every time. West Texas Intermediate crude settled at a four-year high above $62 a barrel last week as global supply levels tightened.

Both GasBuddy and AAA report that prices remain elevated because of strong oil prices.

AAA Northeast said gas prices are up two cents in Rhode Island and up five cents in MA. "Unfortunately, springtime is as a springboard for prices at the pump, and we may see a 40 to 50 cent jump by the summer". He does see a short-lived drop in prices in late January, but expects prices to rise again after Valentine's Day.

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