Prices At The Pump Soaring in Metro Detroit: AAA

DEARBORN, MI — Gas prices continue climbing in Metro Detroit, according to the latest AAA data.

The Dearborn-based auto club reports that a regular gallon of unleaded self-service gasoline in the Detroit area is now approximately $2.27 cents. That's about an 8 cent per gallon jump in just the last week. Statewide, a regular gallon of unleaded self-service gasoline will run you a tad more at $2.29.

Gas prices have surged since the Organization of the Petroleum Exporting Countries (OPEC) announced in November their plans to cut production of oil by 1.2 million barrels a day, the Wall Street Journal reports. Economics lesson 101: The less oil production, the more we pay at the pump.

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