Gas Prices and Oil Price Continue to Surge

According to an industry expert, Gas Prices are increasing after a decline. According to GasBuddy, the nation’s average gas price rose 1.7 cents per gallon over the past week, notching $3.16 per gallon. GasBuddy compiles data from more than 150,000 gas stations across the country.

The national average is now 3.8 cents higher than it was a month ago and nearly 92 cents higher than a year ago. Gasbuddy head petroleum analyst Patrick De Haan said that last week’s decline of the national average price of gasoline was short-lived. The prices have now bounced back on continued strong gasoline demand in the U.S which has pushed oil prices back up.

The gasoline demand rises to its highest level of 2021, marking the second straight record-setting week as we head into prime summer driving season. D Haan cautioned that drivers may see prices continue to rise for the next week or two. However, de Haan noted that consumers may see some relief as vacation season ends and schools reopen for the fall.

However, the price for crude oil is at $73 per barrel, they were higher than $100 per barrel when the price per gallon was above $4.Hillman says it’s been hard filling up his 32-gallon tank. While $4.69 might seem steep in Fresno, other gas stations within California have marked prices up to $6.29. The lowest price for gas in California has been recorded at $3.75. The survey says the cheapest Gas Prices in the town have hit $3.88 and the highest have reached $4.69