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BusinessMarch 6, 2000

Gasoline prices jumped 6 cents a gallon at the pump in the past two weeks, surpassing the all-time peak recorded in November 1990, an industry analyst said. High crude oil prices and strong demand combined to drive up the national average price, including all grades and taxes, to $1.4713 as of Friday. That was an increase of 6.08 cents from Feb. 11, according to the Lundberg Survey of 10,000 stations nationwide, analyst Trilby Lundberg said Sunday...

Gasoline prices jumped 6 cents a gallon at the pump in the past two weeks, surpassing the all-time peak recorded in November 1990, an industry analyst said.

High crude oil prices and strong demand combined to drive up the national average price, including all grades and taxes, to $1.4713 as of Friday. That was an increase of 6.08 cents from Feb. 11, according to the Lundberg Survey of 10,000 stations nationwide, analyst Trilby Lundberg said Sunday.

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"The international oil community is speculating that key world oil producers may increase oil production in April, which would ease oil prices and therefore gasoline prices," Lundberg said, "but for now, gasoline prices will probably hover around their current levels or rise even further."

Before, the highest average price for a gallon of gasoline in the United States was $1.46 in 1990, Lundberg said.

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