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Gas Prices Rise in February Amid Refinery Issues and Seasonal Trends

Gas prices have increased for the second week of February, with the national average reaching $3.12 per gallon, though prices remain 6 cents lower year-over-year, according to EIA data. While some states have experienced price hikes, particularly those with price cycling, much of the country has seen stable costs. Refinery issues, such as a fire on the West Coast and the seasonal transition to summer gasoline, have caused localized disruptions, pushing prices over $4 per gallon in that region.

Meanwhile, the Gulf Coast saw a slight decline of 1 cent, maintaining the lowest regional average at $2.69. Trade policies, including tariffs on Mexico and Canada, remain on pause and have yet to impact fuel costs. Currently, 22 states have an average gas price below $2.99, with Mississippi leading as the cheapest at $2.67 per gallon.

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