DerryNews.com, Derry, New Hampshire

Derry

January 26, 2012

Oil, gas prices rise

Residents are feeling the pinch — at the gas pump and when the fuel truck rolls in.

The average cost of a gallon of regular gas in New Hampshire has increased 15 cents in a month, according to Nick Wallner of AAA Northern New England.

The statewide average was $3.37 per gallon — 30 cents more than a year ago, Wallner said.

The cost will keep rising, Wallner said.

"We're not optimistic about prices going down in the near future," he said.

Greg Laskoski, a petroleum analyst for New HampshireGasPrices.com, said instability in Iran is a major reason why oil and gas prices continue to climb.

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