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At the beginning of 2022, gasoline prices across the United States just started to rise steadily, reaching the highest average price ever recorded of $5.016 in June 2022. Weeks of soaring gas prices.
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“There appears to be little good news on the gas price front,” said Patrick De Haan, head of oil analysis at real-time fuel helper GasBuddy.
National average gasoline prices are up 31 cents from last month and nearly 14 cents from a year ago. According to GasBuddy, it’s a long way from the highs seen in mid-2022, but it’s the fifth straight week that the average US gas price has risen.
USA Today noted that last year’s expensive pumps were heavily impacted by the war in Ukraine and the ensuing global sanctions imposed on Russia. But most experts agree with De Haan’s forecast for a period of higher prices, citing rising demand and continued high oil prices.
“The weather in January was relatively mild in many parts of the country, which put more drivers on the road. could make a comeback,” said AAA spokesperson Andrew Gross. “[But]with oil prices stubbornly hovering around $80 a barrel, drivers probably won’t be taking a big break at the pump in the next week or two.”
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AAA noted that demand increased from 8.05 million barrels per day to 8.14 million barrels per day over the past week. Last week he was at 232 million barrels. At the same time, gasoline demand increased from 805 million barrels per day (b/d) to 8.14 million b/d.
But De Haan said there are several other reasons that gas prices will remain high and that retailers “may accept higher wholesale gasoline prices due to ongoing challenges.” . It’s almost maintenance season. ”
Here are the states that currently have the highest gas prices in the nation: Hawaii ($4.937), California ($4.556), Washington ($4.130), Nevada ($3.988), Colorado (3.860). to AAA.
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Today, the five states with the lowest average prices for a gallon of regular gasoline are Texas ($3.129), Mississippi ($3.168), Arkansas ($3.173), Missouri ($3.179) and Kentucky ($3.195).
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