Oil and gas prices rise
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GasBuddy said the average prices in Texas are 13.5 cents per gallon higher than a month ago and stand 2.4 cents per gallon lower than a year ago. According to GasBuddy price reports, the cheapest station in Texas was priced at $1.89/g yesterday, while the most expensive was $3.49/g, a difference of $1.60/g.
We're learning more about how the instability in the Middle East is impacting gas prices back home. Experts say the price increase isn't tied to oil production in Iran as much as it is threats made by Iran against cargo ships going through the Strait of Hormuz.
The cheapest station in Toledo priced gas at $2.39 per gallon on Sunday.
McClain said that because the conflict driving the instability is ongoing and uncertain, there is no way to predict where prices are headed.
CAPITAL REGION, N.Y. — Average gasoline prices in the area rose 1.7 cents per gallon in the last week, averaging $2.97 a gallon, according to GasBuddy’s survey of 546 stations in Albany. Prices in the region are 1.1 cents per gallon lower than a month ...
Average gasoline prices in Virginia have fallen 1.1 cents per gallon in the last week, averaging $2.82/g on Monday, according to GasBuddy's survey.
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How the Iran conflict could affect your wallet
Rising oil prices may mean higher costs and inflation pressure.
“Gasoline prices are likely to face heightened upward pressure as seasonal trends continue and markets navigate this evolving geopolitical landscape. ..."