Posts Tagged ‘rising prices at gas pump’

US Seeing Gas Prices Rise Across the Country

Jump in gas prices costing average American $450 annually.

by on May.14, 2018

Folks are going to be spending more on gasoline in the weeks ahead as Iran sanctions and summer blends are pushing prices higher.

The price of gasoline continues to climb with a gallon of gasoline costing 50 cents more than it did at this time last year.

At $2.87, the national gas price average jumped 6 cents on the week in part due to the White House’s decision to re-impose sanctions on Iran, according to AAA’s weekly survey.

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“The Administration’s move combined with the switchover to summer blend, growing global demand and shrinking supply continues to fuel pump prices as we approach the summer driving season,” said Jeanette Casselano, AAA spokesperson. (more…)