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Gas Prices Show Almost No Change

July 14, 2002

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CAMARILLO, Calif. (AP) _ Gas prices showed virtually no change during the past three weeks but an increase in the cost of crude oil could signal increases ahead.

The average price nationwide, including all gasoline grades and taxes, was about $1.44 a gallon on Friday, according to the Lundberg survey of 8,000 stations.

That price was down one-tenth of one cent per gallon since June 21.

``The spring and summer of 2002 might be noted for the relative lack of price volatility,″ said analyst Trilby Lundberg on Sunday.

Current prices remain about 6 cents below gas prices a year ago at this time.

The national weighted average price of gasoline, including taxes, at self-serve pumps Friday was about $1.41 per gallon for regular, $1.51 for mid-grade and $1.60 for premium.

While the price at the pump has been marked by ``remarkable stability,″ Lundberg said, the price of crude oil has edged up about 4 cents a gallon during the past three weeks.

Labor unrest in Venezuela has sparked concerns about possible production problems and further price hikes, she said.

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