Gas prices: Three consecutive days of increases at the pumps to begin the week
Gas prices have increased for three consecutive days, reaching an average of $4.533 per gallon. This rise comes just before the Memorial Day Weekend, which marks the start of the summer season. Fluctuations in fuel costs are attributed to ongoing geopolitical tensions, particularly the war with Iran and disruptions in the Strait of Hormuz.
- ▪The national average price for regular gas rose to $4.533 per gallon on Tuesday.
- ▪Gas prices have fluctuated between $4.50 and $4.56 per gallon recently due to the war with Iran.
- ▪California has the highest gas prices in the country at $6.146 per gallon, while Texas has the lowest at $3.994 per gallon.
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The national average price for regular gas increased again on Tuesday, climbing to $4.533 per gallon. It marked the third consecutive day of pump price increases, less than a week before the Memorial Day Weekend holiday, traditionally recognized as the beginning of the summer season. Gas prices have fluctuated between $4.50 and $4.56 per gallon for the last few weeks as the war with Iran and blockades in the Strait of Hormuz continue to send fuel costs soaring. On Sunday, the national average price for gas was $4.513 per gallon. This remained steady on Monday with an ever-so-slight increase to $4.515 per gallon, before rising to Tuesday’s high, according to AAA. However, eight days ago, gas averaged $4.52 per gallon, and a week ago, it decreased to $4.504 per gallon.
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