The average price of gas in the US increased for the 14th day in a row on Saturday as ongoing issues from the war in Ukraine and Hurricane Ian impact supply.
There is a gas station in California.
The average price of a gallon of gas was $3.80 on Saturday, 13 cents higher than a week ago, according to the auto club.
Thanks to an unprecedented 99 consecutive days of falling prices, gas is less expensive than it was at the beginning of the year, but still more expensive than it was in June.
California has the most expensive gas at $6.36 a gallon, followed by Nevada, Oregon, Washington, Alaska and Hawaii.
The cheapest gas is found in Mississippi, Texas, Louisiana, and Georgia.
The average price for a gallon of gas is higher this weekend than it was last year. Between March and June, the cost of crude oil went up as a result of the war in Ukraine, and the price of gas went up as well. In the U.S., inflation hit its highest level in over 40 years as a result of soaring prices at the pump.
The stock market's worst month in over a year is expected when the Federal Reserve pursues more aggressive interest rate hikes. The cost of lumber and shipping has fallen more than 70% since the beginning of the year, which is good news for historic inflation.
Many things still cost more even though inflation is cooling.
Gas prices in the US are going up for the first time in a long time.
All Rights Reserved © 2024
