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And higher oil prices made trips to the gas station more expensive as the summer progressed. Drivers saw prices rise nearly 50 cents per gallon from early July to late September. The national average retail price was $3.79 per gallon Friday, according to AAA, OPIS and Wright Express. That's down about a penny for the day, but it's 32 cents higher than this time last year and highest ever for this time of year. The lowest point for crude oil and retail gasoline prices was at the beginning of the quarter, on July 2, when crude closed at $83.75 per barrel and drivers were paying $3.33 at the pump. Stimulus programs and refinery closures in the U.S. caused by technical problems and Hurricane Isaac pushed prices up from there. On Sept. 14, oil traded over $100 briefly before settling at its high for the quarter of $99 per barrel. Retail gasoline hit its high for the quarter that day too, at $3.87 per gallon. The quarterly average prices for oil and gasoline were little changed from last year. The price at the pump averaged $3.64 per gallon, just 2 cents higher than last year's third quarter. The average was 7 cents lower than during this year's April to June quarter when gas hit its high for the year of $3.94. Crude oil averaged $92.09 per gallon, 3 percent higher on average than last year's third quarter. Natural gas hit its high for the quarter -- and the year -- on Friday. Earlier in the year traders were concerned that a surplus from last year's warm winter and increased domestic production would fill up storage facilities and send prices toward zero. But a blistering hot summer increased demand for gas to generate electricity for cooling and forecasters predict a more normal winter. Natural gas rose 2.3 cents to $3.32 per thousand cubic feet Friday. For the quarter, natural gas averaged $2.88 per thousand cubic feet, which was 29 percent lower than the average price for last year's third quarter, but 23 percent higher than the April-to-June period this year. In other energy trading: Heating oil rose 1.2 cents to $3.17 per gallon. Wholesale gasoline gained 2.3 cents to $2.92 per gallon.
[Associated Press; By JONATHAN FAHEY]
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