Illustration: Sarah Grillo/Axios
Average gas prices in the Twin Cities reached $3.41 a gallon this weekend, up from $3.01 a month ago, according to AAA.
What's happening: Winter storms in late December caused refinery outages and the Biden administration has scaled back the release of oil from the Strategic Petroleum Reserve, according to CNN.
What's ahead: AAA says oil prices will continue to rise in part due to the reopening of China's economy from COVID lockdowns, which will increase global demand.
- GasBuddy is predicting $4 gas this spring.
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