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Gasoline Prices Soar In Twin Cities

Prices Might Skyrocket To $2 Per Gallon

MINNEAPOLIS, 2:35 p.m. CDT April 26, 2001 -- Gasoline prices in the Twin Cities are on the rise, hinting at a another round of costly stops at the pump.

But this year, gas prices have risen earlier and climbed more rapidly.

The average price for a gallon of regular unleaded Wednesday in the Twin Cities was a $1.70 -- up from $1.37 a month ago and $1.36 a year ago.

There's already speculation about gas prices reaching $2 a gallon.

Lower gasoline inventories and higher crude oil prices are contributing to the rise in gas prices. This year, gas prices jumped nearly 20 cents a gallon after Easter and have continued to climb.

Minnesota lawmakers are debating whether to increase state gas taxes. House Republicans have opposed a gas tax hike.

Copyright 2001 by The Associated Press.

-- Martin Thompson (, April 28, 2001

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