Business & Real Estate

Gas prices continue to rise at dawn of new year

The average retail price in the area rose 3.8 cents over the past week to $2.61 a gallon, according to national price tracker GasBuddy.com. The average has risen more than 7 cents over the past two weeks and is 12 cents higher than it was a month ago.

Energy analysts said the Nov. 30 agreement by the Organization of the Petroleum Exporting Countries to cut oil production by 1.2 million barrels a day in 2017 has put upward pressure on prices from coast to coast.

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