Americans Face Highest Gas Prices in Years

[Yo_Mama_Been_Loggin]

Americans are spending more at the pump than they have in years. Prices could rise even higher just as drivers hit the road for family vacations.

“This summer, in terms of average gas prices, will likely be the highest since 2014,” said Patrick DeHaan, petroleum analyst at GasBuddy, a fuel-tracking app. “There’s been very little question about that.”

Crude prices have jumped thanks to continuing production cuts by major exporters. As a result, gasoline is also becoming more expensive. According to the U.S. Energy Information Administration, average regular retail gas prices reached $2.70 a gallon last week—the highest level since 2015.

While higher fuel prices could herald an end to the glut that has plagued the energy market since 2014, they also threaten to dampen demand and hit consumers in their pocketbooks.

https://www.msn.com/en-us/money/markets/americans-face-highest-pump-prices-in-years/ar-AAvGn4C?li=BBnbfcN

[Va Lefty]

1. Suprisingly nothing from faux news on this

[hatrack]

2. Yeah, shocking, huh?

[MichMan]

3. It was close to $4per gallon in 2014

From the linked article

"Still, analysts are skeptical that the recent rally is enough to make a sizable impact on the U.S. economy. While gas prices will be higher than years prior, they are still a far cry from 2014, when average prices were as high as $3.70 a gallon."