U.S. Gasoline Prices Rise To 5-Month High

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U.S. Gasoline Prices Rise To 5-Month High
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U.S. gasoline prices rose for the third week in a row, rising $.076 per gallon from a week ago to $3.65 per gallon yesterday, new GasBuddy data showed, reaching the highest level since November 2022.

The national average for a gallon of gasoline is $.221 cents more than it was a month ago, according to GasBuddy data.

“With oil prices touching their highest level of 2023 at nearly $83 per barrel, the national average price of gasoline has continued to inch higher, with 45 of the nation’s 50 states seeing prices rise over the last week. While the rising price of oil is likely the largest factor in rising gas prices, seasonal impacts continue to also exert pressure on prices,” GasBuddy’s head of petroleum analysis at GasBuddy said in a note on Monday.

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