Delaware gas prices inch closer to $4 per gallon

Gas prices in Delaware continued their upward climb over the Easter and Passover holidays, and are quickly closing in on $4 per gallon. 

 

AAA Mid-Atlantic says the average price for a gallon of regular unleaded in the First State was $3.83 at the start of the week, up seven cents from the week before.  According to the auto club, crude oil began last week with week-over-week decreases.  “However, those declines quickly changed as the commodity gained momentum due to strong stock prices, a weaker U.S. dollar and declined in petroleum inventories.  The U.S. dollar, in particular, slid to a three-year low against various currencies, making dollar-denominated crude less expensive for investors.”  AAA Mid-Atlantic says it is cautiously optimistic that there will be some gas price stability in the coming weeks, but with Memorial Day now five weeks away it is very possible that soaring gas prices could impact the vacation plans of individuals and families.

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