Global Tensions Impact Gas Prices

Storm Clouds Abroad Have Gas Prices on Edge

WASHINGTON, D.C. —Despite ominous overseas news, a pop in domestic gasoline demand, and oil prices rising to the mid-$80s per barrel, the national average for a gallon of gas climbed just three pennies to $3.56 since last week.

“Renewed Ukrainian attacks on Russia’s oil infrastructure and increasing tension in the Middle East spiked oil prices recently,” said Andrew Gross, AAA spokesperson. “And with the cost of oil accounting for roughly 60% of what we pay at the pump, there will likely be some upward pressure on prices.”

For the complete report, including the latest EIA data and oil market dynamics, please visit:  https://gasprices.aaa.com/storm-clouds-abroad-have-gas-prices-on-edge/