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Don’t be surprised if filling your car’s tank at the pump keeps gobbling up a growing portion of your budget.
Amid already rising gasoline prices, the average price you pay for per gallon could jump over the next couple of weeks, according to GasBuddy.com.
On top of elevated prices for crude oil — which accounts for more than half the price of gas — as demand recovers from a pandemic-induced drop and production remains lower, millions of barrels of refining capacity are now offline due to extreme cold in the lower half of the U.S.
“Much of the projected increase in gas prices is likely to play out in the coming days,” said Patrick De Haan, head of…