Recent rally in pump prices may have peaked

Washingtonpost reports that gas prices are certain to be the highest in three years.

The market news is quoted as saying:

Gasoline prices reached an average of $2.89 a gallon earlier this week, just 3 cents the 2010 high of $2.92 reached in May. Rising oil prices, a seasonal drop in refinery output and a weaker dollar had all contributed to a 5-cent increase in retail gas prices in the past month.

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