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Gas prices and diesel set for sharp spikes, analysts warn

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Story summary
  • U.S. analysts warned of sharp gasoline and diesel price spikes on Wednesday and Thursday.
  • Tom Kloza of Gulf Oil said fuel margins have not yet reflected recent wholesale hikes.
  • Patrick De Haan of GasBuddy reported U.S. diesel at $6.301 per gallon and gasoline at $4.355 per gallon.
  • AAA data showed national gasoline average $4.37 per gallon on Wednesday, up from $4.33 Tuesday.