>Gas Prices Crack $2.70 Mark

Jan. 11, 2010

Delaware's  average gas price  rose four cents over the weekend to $2.71 a gallon on Monday, Jan. 11, AAA Mid-Atlantic reported. That number is up about $1 from a year ago and $1 lower than the peak gas price of more than $4 in the summer of 2008. Gas prices  in the Newark area were slightly lower than the state norm at some stores. The current average is 10 cents higher than a week ago. Diesel held  overnight at $2.96. Dover gas average also rose four cents since Friday to $2.70 on Jan. 11. The average is 11 cents higher than a week ago. Diesel holds overnight at $2.88. National gas average rose two cents over the weekend to $2.75. The average is 9 cents higher than a week ago. Diesel holds overnight at $2.91.

 As of Jan. 11th.  Wyoming was  the only state with a gas average below $2.50.

The recent increase in gas prices reflects higher crude oil prices that often track with the economic outlook. Other factors include a soft dollar and worries about political instability in oil-producing areas.

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