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Every year, as the summer season approaches, gasoline refineries switch to their more expensive summer blends, causing an increase in the price of gasoline.
However, this year, the seasonal price increase is particularly high. Experts are saying that U.S. gas prices are nudging higher because Gulf Coast refineries are sending more gasoline to other countries.
NPR's Senior Business Editor Marilyn Geewax joins Here & Now’s Jeremy Hobson to discuss the factors contributing to the soaring price of gasoline, and whether or not this trend will continue.
This segment aired on April 25, 2014.