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Published January 20, 2010, 05:45 PM

New energy economics: Why do gas prices rise in summer?

FARGO - I am writing this article as North Dakota enjoys a reprieve from the record cold weather of early January. Gas prices have risen during the past few weeks to around $2.69 per gallon in Fargo. While national oil prices are dropping under $78 a barrel, it is possible that gasoline and diesel prices will moderate as we approach spring. As spring and summer appear on the horizon, we normally expect gasoline prices to increase. Interestingly, the reason why they increase might surprise you.

By: Cole Gustafson, NDSU Extension Service,

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