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Gas prices up 12 cents in a month, AAA reports
Your eyes aren't fooling you. Gas prices are up, way up this month over last month. AAA of Northern California reports the average price of gasoline in the Golden State jumped 12 cents since the agency's last report Nov. 9. At an average of $3.26 per gallon, the price is 35 cents higher than the average cost of gas on this date last year, when gas was $2.91. While the national average price of fuel is $2.98, up also by 12 cents, the average cost of gas in the San Francisco Bay Area is $3.35 – again, 12 cents higher than last month. In the Santa Cruz area, the average price of a gallon of gas is $3.22, up eight cents since November. Why the jump? Investors are taking advantage of the weak dollar, the improving worldwide economy and slightly lower crude oil prices, and are scooping up crude oil shares, AAA reported. The least expensive gas in the state can be found in Chico, at $3.19 a gallon. At $3.45 on average per gallon, the most expensive gas is in Eureka. Nationally, best buy is in Cheyenne, Wyom., where gas is $2.58 a gallon. And at $3.99 a gallon, Wailuku, Hawaii, has the costliest gasoline. With gas prices climbing, what are you doing to reduce your fuel consumption? Share your methods with Street Smarts and your submission may appear in an upcoming blog or column.