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Gas prices heading up

Average price of a gallon of gasoline
All grades       $1.29   up $.052
Reg. unleaded   $1.24   up $.054
August 10, 1997
Web posted at: 11:40 p.m. EDT (0340 GMT)

LOS ANGELES (CNN) -- Gas prices surged more than a nickel a gallon across the United States over the last two weeks, according to the Lundberg survey of 10,000 gas stations taken on August 8. The survey's editor said prices are likely to keep going up.

The average price for all grades of gasoline, sold at both full-service and self-serve pumps, was $1.29 cents a gallon, $.052 higher than when the survey was last done on July 25.

Previous studies done over the last two months showed gas prices falling about a penny every two weeks. "The downtrend has reversed," said Trilby Lundberg, survey editor. "Price wars kept prices falling all year long, but higher crude and anti-smog costs, plus extra demands by summer drivers, have pulled prices up." rule
  
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