2024 Why are gasoline prices going up again - The price of gasoline now stands at $3.64 per gallon, according to AAA, much lower than last summer’s high of just over $5. But the cost to fill up a tank has been creeping upward from the $3.55 per gallon seen on July 4. “All of a sudden, things have popped up after a long period of low prices,” Andy Lipow, president of Lipow Oil ...

 
According to a 2021 report from Wex, every time gas goes up $0.01, its revenue follows to the tune of $1.5 million. However, as gas and oil companies can be hurt by demand destruction, so can .... Why are gasoline prices going up again

Gasoline prices have fallen sharply and are now below $4 a gallon in many parts of the country. But analysts warn that prices could tick up again if drivers set aside their newfound gas-saving habits.The price for a gallon of regular gas was $2.58 on January 6, 2020. It plummeted 31% to $1.77 by the end of April 2020 and then rose 24% to $2.20 a gallon on July 13, 2020, where it held steady for the remainder of the year. Through 2021, prices steadily increased, rising 46% to end the year at $3.28. By March 2022, gas prices had …Prices for crude oil, the key component of gasoline, have increased for three consecutive weeks, although the fell some on April 10. The average price for a gallon of gasoline rose by 8.8 cents ...See full list on cnn.com Average retail gasoline prices rose the most in California, rising 10% week on week to $6.382 per gallon, and Alaska, rising by 11% to $5.34, according to AAA. Prices have also increased by 11 ...The national average price for a gallon of regular gasoline climbed to a three-month high of $3.69 on Wednesday, according to AAA. That’s up by 5 cents from Tuesday, marking the biggest one-day ...Today’s average price of gas in the U.S. is $3.25 per gallon, unchanged from yesterday, down $0.02 from last week and down $0.25 from last month. Americans have been grappling with sky-high ...Jul 27, 2023 · The 2023 prices remain far below 2022s at the same point, however, when the average price of a gallon of gas was $3.89. The highest price ever reported for a gallon of regular unleaded gas in ... Sep 20, 2023 · Luke Bosdet, spokesperson for the U.K.-based Automobile Association, told the Guardian that hurricanes and tropical storms in the U.S. “always threaten” to increase oil and gas prices. Jul 27, 2023 · Gas prices are rising alongside a heat wave. By William White, InvestorPlace Writer Jul 27, 2023, 11:54 am EST. Gas prices are heading higher as temperatures are increasing. This has some oil ... Oct 3, 2022 · On Monday, the agency reported that the average price per gallon in the state is $6.37, up more than 9% from last week’s average of $5.79. AAA attributed the sharp rise in prices to a decrease ... Sep 6, 2023 · Gas stations around the country have boosted prices by an average of 26 cents a gallon over the past month as irregular temperatures have made fuel-making more challenging due to the slowing of cooling processes needed to refine crude oil. Gasoline prices in the United States are at the highest level seen at this time of year in over a decade ... 6 Agu 2023 ... 25. The average price has increased 18.4 cents over the past 13 days, including nine-tenths of a cent Saturday, after dropping 1.3 cents over ...The prices of gasoline and natural gas have been rising since pandemic shutdowns began to ease in the middle of 2020. Gasoline prices are a bit higher now than they were in 2014 — not historic ...Updated 8:49 AM PST, August 2, 2023. NEW YORK (AP) — Drivers are in for another headache at the pump as U.S. gas prices continue to rise. The national average for gas prices stood at about $3.78 a gallon on Tuesday — about 25 cents higher than that seen one month ago, according to motor club AAA. While today’s prices at the pump remain ...The Energy Price Guarantee finished in June 2023, and the Ofgem cap once again became responsible for deciding how much customers can be charged. From January, Ofgem says the typical annual ... National-average regular unleaded gas prices sit at $5.01 per gallon as of this writing – up 3.1% from $4.87 just a week ago, up 53% from $3.28 at the start of the year and 63% higher than the ...I recently took a trip to the gas station and opened my wallet to the sad tune of $2.75/gallon. And, according to the graph above, the average price of gas in the United States is pushing closer to $3.00/gallon everyday! So why are gas prices going up again?! Supply and Demand. The easy economic answer is always “supply and demand.”Gasoline price spikes are most pronounced on the West Coast. Average retail gasoline prices rose the most in California, rising 10% week on week to $6.382 per gallon, and Alaska, rising by 11% to $5.34, according to AAA. Prices have also increased by 11 cents in Ohio and 18 cents in Illinois due in part to the Ohio refinery fire.Are you in the market for a new motorhome? If so, you may be considering the different types and models available to find the perfect fit for your needs. One type of motorhome that has gained popularity in recent years is the Class A diesel...Here are six reasons gas prices are going up, ... But lately, crude prices have been soaring — because OPEC has been slow to boost output again. Oil this month hit $60 a barrel for the first ...November 02, 2023. WASHINGTON, D.C. (November 2, 2023)—Maintaining a steady if unspectacular pace, the national average for a gallon shaved off nine cents since last week, falling to $3.44. The primary reasons are flat demand at the pump and lower costs for oil. “There are now thousands….By Evan Halper. In California, the price of a gallon of gas is $1.47 higher than the nationwide average. (David Paul Morris/Bloomberg News) Gas prices surged to a new high despite White House ...The current average cost of a gallon of regular gasoline in Charlotte is $4.05, up from $3.89 a week ago, according to AAA. Since April 28, North Carolina has seen the sixth highest weekly ...The nationwide average price for a gallon of gasoline has topped $5 for the first time ever, AAA reported on Saturday . The national average price has jumped 19 cents in just the past week, and it ...European gas prices are now about 10 times higher than their average level over the past decade. In February 2021 UK gas was trading at 38p per therm (a measurement of gas consumption). This month ...Petrol and diesel prices have been on a rollercoaster ride this year. Recent data from 13 August puts petrol at an average of 149.1p per litre on UK forecourts. In just two weeks, it has shot up ...Gas prices go up, and fear that the country is on the wrong track often does, too. Gas prices go down, and so does unhappiness with the president. It’s of course not the case that fuel prices ...The current average cost of a gallon of regular gasoline in Charlotte is $4.05, up from $3.89 a week ago, according to AAA. Since April 28, North Carolina has seen the sixth highest weekly ...As gas prices plummeted around the nation in recent weeks, California’s price at the pump has rebounded with a vengeance to an average of $5.58 a gallon. That’s $1.89 more than the national ...In contrast, diesel prices remained stable at 146p (145.84p), ending eight months of falling prices. Filling a tank for a 55-litre family car now costs around £80 for either fuel – £80.21 for ...0:49. Gas prices have steadily decreased since reaching record highs in early March, but experts predict the fall won't last much longer as seasonal demand and the rise of oil prices are expected ...The one exception was 2020, when prices declined because demand for gasoline plummeted at the start of the pandemic. The average gallon currently costs about $3.41, down more than 73 cents from a year ago when the price was above $4. But gas prices have been increasing, up by nearly 10 cents in the past week. Prices vary significantly depending ...May 24, 2022 · In the last year, gas prices have jumped by more than 50 per cent, pushing the cost of a litre to more than $2 in many parts of the country. At the same time, inflation — which is sitting at 6.8 ... Iowa has the unwanted title of state with the fastest rising prices—the average cost for a gallon of regular gasoline has gone up 15.8 cents over the past week, per AAA. Oklahoma's prices are ...The national average price for unleaded gasoline is $3.87, the highest national average price in nearly a year, according to AAA. Prices are highest in California at $5.79, followed by Washington ...That would be the largest gain since June 2022 and would follow two straight monthly advances of 0.2%. Gasoline prices accelerated in August, peaking at $3.984 per gallon in the third week of the ...Drivers are feeling an extra pinch at the gas pump as prices continue to rise throughout Northeast Ohio. The average price in Akron is now listed at $3.92 per gallon after prices jumped 28.5 cents ...The national average price of gas was $3.87 per gallon on Oct. 6, 2022 according to data from AAA. It’s 10 cents higher than it was a month ago but still lower than a record-high of $5 per ...3 Okt 2022 ... According to AAA, the rise is attributed to right supply and increased demand as more drivers fuel up are the main culprits. Advertisement. The ...Oil prices reached a 10-month high on Tuesday, following months of price increases after Saudi Arabia and Russia announced they would cut production through …Gas prices are rising again.. The national average of a gallon of regular unleaded gas jumped 13 cents last week to $3.71, an eight-month high, according to AAA motor club. "The primary cause ...GasBuddy's projections mirror those from the Energy Information Administration, which expects retail gasoline prices to be an average of $3.51 per gallon in 2023. The company has an excellent ...Luke Bosdet, spokesperson for the U.K.-based Automobile Association, told the Guardian that hurricanes and tropical storms in the U.S. “always threaten” to increase oil and gas prices.Numerous factors are pushing prices up, with regular gasoline hitting a record $4.40 a gallon Wednesday according to AAA’s survey. Gas prices were already expected to breach the $4 a gallon mark ...22 Sep 2023 ... ... again; the consequences of this volatility ... The rising cost of crude oil that has driven up prices not just in California but across the world.12 Jan 2021 ... Experts attribute the bump to a combination of rising oil prices and upticks in travel, as people become more comfortable with hitting the road ...Jul 25, 2023 · Gas prices are going up. The national average price for regular gasoline surged by 4 cents a gallon on Tuesday to $3.64 a gallon, according to AAA. November 02, 2023. WASHINGTON, D.C. (November 2, 2023)—Maintaining a steady if unspectacular pace, the national average for a gallon shaved off nine cents since last week, falling to $3.44. The primary reasons are flat demand at the pump and lower costs for oil. “There are now thousands….GasBuddy's projections mirror those from the Energy Information Administration, which expects retail gasoline prices to be an average of $3.51 per gallon in 2023. The company has an excellent ...Apr 17, 2023 · The national average price for a gallon of gas was $3.673 on Monday, according to AAA. Here's how Monday's price per gallon compares with some recent dates: One day earlier: $3.669. One week ... The national average for regular unleaded gas hit $3.71 on Thursday, July 27 — a 3-cent hike from the day before, according to AAA. In a week’s time, gas prices have climbed 13 cents per ...The price for a gallon of regular gas was $2.58 on January 6, 2020. It plummeted 31% to $1.77 by the end of April 2020 and then rose 24% to $2.20 a gallon on July 13, 2020, where it held steady for the remainder of the year. Through 2021, prices steadily increased, rising 46% to end the year at $3.28. By March 2022, gas prices had …Across the U.S., prices at the pump have felt milder in recent months. Gas prices have fallen or remained steady since Sep. 19 — marking about a 70-day trajectory of decline, Andrew Gross ...Since gas prices rose to over $5 per gallon nationally back in June, the price has steadily dropped back to around $3.70, with 99 days straight of decreases. That streak snapped on Wednesday, when ...Aug 4, 2023 · Drivers once again are feeling a pinch when fueling their vehicles, with the average price for a gallon of regular gasoline in the U.S. jumping to $3.82 a gallon, up nearly 30 cents from a month ago. Gas Prices Have Gone Up Again, and Will Probably Rise More in 2023 Gas prices are on the rise again — and it’s a global issue. Here’s why the latest moves from OPEC+ could lead to even more ...After falling for much of the second half of 2022, gas prices this year mostly ticked up beginning in spring, but have fallen again in recent months. After Hamas …May 24, 2022 · In the last year, gas prices have jumped by more than 50 per cent, pushing the cost of a litre to more than $2 in many parts of the country. At the same time, inflation — which is sitting at 6.8 ... Jul 25, 2023 · Currently, the average price for a gallon of gas is $3.58 for the week ending July 20, three cents higher from the previous week. Still, it is 88 cents less than a year ago, according to the ... Jul 28, 2023 · Gas prices up: Sticker shock hits pump as heat wave, oil prices push cost to 8-month high. As temperatures soar across the country, gas prices are following suit. The national average for a gallon ... By Evan Halper. In California, the price of a gallon of gas is $1.47 higher than the nationwide average. (David Paul Morris/Bloomberg News) Gas prices surged to a new high despite White House ...According to AAA, Missouri's average gas price is currently at about $3.52 as of Sept. 7, a little more than 28 cents below the national average. In the Columbia area, the current average price ...Energy & Environment The heat behind the jump in gasoline prices After months of stability, prices at the pump have jumped as hot temperatures hit refineries — …Mark Huffman, Reporter. • Sep 27, 2022. After weeks of falling prices, the average price of gasoline is going up again. Industry experts say there are a lot of different reasons. AAA’s daily ...In contrast, diesel prices remained stable at 146p (145.84p), ending eight months of falling prices. Filling a tank for a 55-litre family car now costs around £80 for either fuel – £80.21 for ...Some analysts forecast the new cuts will merely keep prices stable around where they are today. Prices across the country have dropped the most this week for Utah, Indiana, Ohio, and Arizona, according to AAA. Stacker compiled statistics on gas prices in North Carolina. Gas prices are as of December 1.Top Tier is a program that sets standards for detergent levels in gasoline. The standards are designed to exceed the minimum detergent requirements for gasoline set by the Environmental Protection Agency.LAS VEGAS (KLAS) — Prices keep going up at the pump, with the average gasoline price in Las Vegas 24.6 cents per gallon higher than a week ago according to information from gasbuddy.com. That’s on top of an 11-cent increase the previous week. The lowest gas prices in town haven’t skyrocketed at quite the same pace — you can get …Sep 22, 2022 · Iowa has the unwanted title of state with the fastest rising prices—the average cost for a gallon of regular gasoline has gone up 15.8 cents over the past week, per AAA. Oklahoma's prices are ... 25 Sep 2023 ... The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Monday for the 19th time in 21 days, increasing 1.5 ...The national average price for unleaded gasoline is $3.87, the highest national average price in nearly a year, according to AAA. Prices are highest in California at $5.79, followed by Washington ...5 Apr 2023 ... Why is that? Well, all the major oil providers decided to cut production, meaning there's gonna be less oil in the world, which is causing the ...The price of gasoline now stands at $3.64 per gallon, according to AAA, much lower than last summer's high of just over $5. But the cost to fill up a tank has been creeping upward from the $3.55 ...Mar 8, 2023. Gas prices are on the rise again, the national average is up 3.5 cents from a week ago to $3.36 per gallon and down 1.9 cents in New York State to $3.38. According to GasBuddy data ...— After weeks of relief at the pump, gas prices are rising once again. According to AAA Oregon , the statewide average in Oregon has jumped 35 cents per gallon in the last week to land at $5.01.The price of a litre of gasoline at the retail level has hit record highs in many Canadian markets this week, with prices under $1.50 per litre becoming harder to find even in oil-rich Alberta.In October, when AAA data show Los Angeles hit a record $6.49 a gallon and prices were nearly as high elsewhere in Southern California, drivers across the nation were filling up on average for $3. ...On Monday, the national average for regular gas reached $3.88 a gallon, according to AAA. That’s the highest price since October 2022. Since last week, gas prices are 5 cents a gallon higher. “Normally prices slide gradually through the summer as we approach the fall.Gas stations around the country have boosted prices by an average of 26 cents a gallon over the past month as irregular temperatures have made fuel-making more challenging due to the slowing of cooling processes needed to refine crude oil. Gasoline prices in the United States are at the highest level seen at this time of year in over a …The average price of a gallon of regular gas in California on Tuesday was $5.88 — up 9 cents overnight and 43 cents from a week ago, and more than $2 higher than the national average price ...Why are gasoline prices going up again

That makes it five straight days of increases that began on Wednesday morning, when the price ticked up to $3.681 per gallon from $3.674 the previous day. The average price a week a go was $3.678 .... Why are gasoline prices going up again

why are gasoline prices going up again

Non-ethanol gasoline has been gaining popularity in recent years as an alternative to ethanol-blended gasoline. But what exactly is non-ethanol gasoline, and how does it impact engine performance? In this article, we’ll explore the science ...This has gone up again since August 13, when prices hit 149.1p per litre on average, which at the time marked the highest price seen since February. Diesel stands at an average of 153.19p per ...What's behind the move? Oil prices have rallied in July, with U.S. benchmark WTI crude jumping nearly 13%, topping $80 a barrel for the first time since April, as supply cuts by Saudi Arabia and...1. What’s happening to US gasoline prices? Pump prices are near their highest level ever for this time of year. Prices peaked in mid-2022 following Russia’s …Since gas prices rose to over $5 per gallon nationally back in June, the price has steadily dropped back to around $3.70, with 99 days straight of decreases. That streak snapped on Wednesday, when ...Here are six reasons gas prices are going up, plus predictions of how high they're likely to go — so you can start thinking about ways to save money to help pay for …The average price of a gallon of regular gas in California on Tuesday was $5.88 — up 9 cents overnight and 43 cents from a week ago, and more than $2 higher than the national average price ...Nationally, more than 10% of gas stations are charging above $5 per gallon, according to the GasBuddy report. This summer, gas prices have been impacted by extreme heat, which disrupted refinery ...Top Tier is a program that sets standards for detergent levels in gasoline. The standards are designed to exceed the minimum detergent requirements for gasoline set by the Environmental Protection Agency.I recently took a trip to the gas station and opened my wallet to the sad tune of $2.75/gallon. And, according to the graph above, the average price of gas in the United States is pushing closer to $3.00/gallon everyday! So why are gas prices going up again?! Supply and Demand. The easy economic answer is always “supply and demand.”Aug 4, 2023 · Drivers once again are feeling a pinch when fueling their vehicles, with the average price for a gallon of regular gasoline in the U.S. jumping to $3.82 a gallon, up nearly 30 cents from a month ago. 30 Des 2022 ... Blame higher oil prices. The recent hikes in gasoline prices have been triggered by higher prices for crude oil, industry experts say. Prices ...11 Okt 2022 ... Gas prices around the country are continuing to rise as more people hit the road.Sep 19, 2023 · In California, gas prices are rapidly approaching $6 a gallon. According to AAA, the state average has spiked by 31 cents in the past week alone, to $5.79 gallon . The move has been even more ... As the world shifts towards more sustainable transportation options, electric cars have gained significant popularity. One of the key factors driving this shift is the cost savings associated with electric vehicles (EVs) compared to their g...6 Agu 2023 ... 25. The average price has increased 18.4 cents over the past 13 days, including nine-tenths of a cent Saturday, after dropping 1.3 cents over ...Since gas prices rose to over $5 per gallon nationally back in June, the price has steadily dropped back to around $3.70, with 99 days straight of decreases. That streak snapped on Wednesday, when ...Clearly, the price of gasoline is closely correlated to the price of the crude oil from which it's refined, which has risen sharply in recent weeks as a result of production …Here are six reasons gas prices are going up, plus predictions of how high they're likely to go — so you can start thinking about ways to save money to help pay for …In today’s world, there is an increasing demand for eco-friendly alternatives in all aspects of life. When it comes to fueling our vehicles, many people are seeking out non-ethanol options.Energy & Environment The heat behind the jump in gasoline prices After months of stability, prices at the pump have jumped as hot temperatures hit refineries — …Aug 18, 2023 · Here's why. Gas prices have been climbing again, hitting the highest level since October 2022, according to motor vehicle club AAA. The national average price for a gallon of unleaded gasoline ... The median U.S. gas price is $3.69 per gallon, unchanged from last week and about 13 cents lower than the national average. The top 10% of stations in the country average $5.02 per gallon, while ...Gas prices have jumped as high as 40 cents over the last week at some fuel stations as the national average has started to creep back up. AAA reports prices are up 4 cents since Monday to $4.16 ...McKnight says there's nowhere for gas prices to go but up, with current geopolitical concerns sparked by the Russia-Ukraine conflict pushing up supply concerns.Industry experts say there are many factors as to why gas prices are creeping up again. One theory is that Saudi Arabia has cut back on the amount of oil it sends to global markets. Others say it ...GM's new Hummer EV emits more carbon per mile than some gas-powered cars. But even inefficient "electron-guzzlers" have a role to play in decarbonizing transportation. The original Hummer was the poster child for American automotive excess....Cleveland, OH ». 64°. Gas prices are on the rise again in Northeast Ohio as drivers in Cleveland and Akron are paying well above the national average, according to GasBuddy.The average price for gas in Sacramento jumped 15 cents Thursday, now reaching more than $6 per gallon, according to AAA. ... California Gas Prices: Why are gas prices going up again in Sacramento?ARIZONA, USA — Gas prices are up another 8 cents on Tuesday, with the average price for a gallon of gas in Arizona up 20 cents from a week ago, according to AAA. It’s now more than $4.18 a ...Even before Wednesday’s action by OPEC+ to cut oil production, US gas prices were on their way up. More price increases at the pump likely lay ahead. Gas prices rose nearly 3 cents a gallon in ...House prices in Canada will also continue to rise in 2022. A report from the Canadian Real Estate Association published in June said the average home price in Canada is forecast to rise by 0.6 per ...Electric cars are becoming increasingly popular as a viable alternative to traditional gasoline-powered vehicles. The type of charger being used will have a major impact on how long it takes to recharge an electric car.May 16, 2022 · But prices are now going higher, and averaged $4.48 per gallon on Monday. That’s up about 40 cents from a month ago, when prices stood at $4.08. 4 Nov 2022 ... "Tighter supply and fluctuating oil prices have put upward pressure on gasoline prices," the latest report from AAA read. "Pump prices could ...U.S. News Reporter. Gasoline prices are on the rise again, after falling from a record high in 2022—a surge caused by a global oil crisis that was prompted by the war in Ukraine. Thursday's ...Oct 3, 2022 · On Monday, the agency reported that the average price per gallon in the state is $6.37, up more than 9% from last week’s average of $5.79. AAA attributed the sharp rise in prices to a decrease ... Pump prices jumped by more than 5 cents a gallon overnight in San Francisco and Sacramento, according to auto club AAA, and record wholesale premiums signal they could rise further. At the state ...Some analysts forecast the new cuts will merely keep prices stable around where they are today. Prices across the country have dropped the most this week for Utah, Indiana, Ohio, and Arizona, according to AAA. Stacker compiled statistics on gas prices in North Carolina. Gas prices are as of December 1.Oct 4 (Reuters) - After a tumultuous year, U.S. gasoline prices have been steadily falling from peaks reached in June due to high demand and tight global refining …Here's why. The national average of $4.06 a gallon is up 45 cents from a week ago, AAA said. Red-hot prices at the pump are not only showing no signs of cooling down -- but are instead set to soar ...0:49. Gas prices have steadily decreased since reaching record highs in early March, but experts predict the fall won't last much longer as seasonal demand and the rise of oil prices are expected ...Average price in B.C. right now at $2.39 a litre, the highest on record. A woman pumps gas in this file photo. Imbalances between supply and demand have caused pump prices to increase dramatically ...22 Sep 2023 ... ... again; the consequences of this volatility ... The rising cost of crude oil that has driven up prices not just in California but across the world.However, this price increase was not monotonic, but instead started out as a 5% decline in gas prices through January. That 5% decline, which resulted from the end of the summer driving season, when combined with the 5% cumulative increase over the year, meant that in a typical year, retail gasoline prices would rise 10% between January and May.Today’s average price of gas in the U.S. is $3.25 per gallon, unchanged from yesterday, down $0.02 from last week and down $0.25 from last month. Americans have been grappling with sky-high ...Are you tired of paying high prices for gasoline? Whether you’re a daily commuter or someone who loves to hit the open road, finding the cheapest gasoline in your area can save you a significant amount of money.Gas stations around the country have boosted prices by an average of 26 cents a gallon over the past month as irregular temperatures have made fuel-making more challenging due to the slowing of cooling processes needed to refine crude oil. Gasoline prices in the United States are at the highest level seen at this time of year in over a …In the days before the Thanksgiving holiday, the price per gallon of gasoline — which is made from refined oil — averaged $3.24 across the U.S., 26 cents less than …The price of crude oil has gone up from approximately $70 per barrel a month ago, to its recent tag of $80 per barrel. Prices are going up partly because Russia, the third-largest oil-producing ...Recently, one area is causing a stir: used cars, whose price went up 7.3 percent in May, after going up 10 percent in April. Used car prices are now up nearly 30 percent since last year.30 Jun 2022 ... ... increase, misleadingly labeled “Build Back Better.” The Oil Market. But the major cause of gasoline price increases, as the earlier data show ...Los Angeles County’s average gas price rose Wednesday to $5.545 for a gallon of self-service regular, up 8.5 cents from the day before, AAA data show, as refinery problems accelerated increases ...Apr 17, 2023 · The average price for a gallon of regular unleaded gas in the U.S. is now $3.67, up from $3.45 one month ago, according to AAA. Gas prices are on the rise once again, as drivers across the country are seeing an increase at the pump. The national average for a gallon of regular unleaded gasoline is now $3.67, up from $3.45 per gallon one month ... Prices for crude oil, the key component of gasoline, have increased for three consecutive weeks, although the fell some on April 10. The average price for a gallon of gasoline rose by 8.8 cents ...Aug 14, 2023 · New York CNN —. Pump prices are creeping towards $4 a gallon nationally. The national average for regular gasoline hit $3.85 a gallon on Monday, according to AAA. That’s the highest level ... Why are prices increasing again? The wholesale price of petrol rose by six pence in July as a result of the rising cost of oil. The price of oil shot up by $10 a barrel in July, and reached $85.56 ...Over the past week, the national average price for a gallon rose 10 cents, to $3.92, according to AAA. That means the cost to pump 15 gallons into a vehicle is now a whopping $58.80. Four fill-ups ...Clearly, the price of gasoline is closely correlated to the price of the crude oil from which it's refined, which has risen sharply in recent weeks as a result of production …. Ibb holdings