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Gas prices spike recently

Posted: 05/15/13 08:22

Gas prices have spiked again going up more than ten cents over the last day, and it could happen again. Prices on the futures market and wholesale gas price have spiked violently in the Midwestern markets. Prices in Hastings yesterday were averaging around $3.69 a gallon, and it could go up another 20 cents over the next week or so. Experts say some of the price hike is speculators looking for money in the markets. Some of it also comes down to a switch to summer gas blends.