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Gas prices speed toward $4

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New York City gas prices continue to speed toward the $4 mark three weeks after reaching a 2012 low.

The average New York City price at the pump has risen to $3.89, according to AAA’s Fuel Gauge Report, eight cents higher than a week ago.

The cost of gas has jumped 14 cents over the past two weeks. Fuel has remained below $4 since the end of May.

New Yorkers are still paying less than they were last year when residents were paying $4.08 for a gallon of gas.

Nationally, the average cost for a gallon of gas is $3.47, seven cents higher than a week ago.