Ahh, how we all long for 2015 and the simpler times, when you could take your car out and cruise down easy street. In fact, this past week, the national-average for gas prices hit $2.68 a gallon which is the highest since July of 2015.
According to GasBuddy, the sudden spike is related to, you guessed it, political uncertainty. Uncertainty over military action in Syria and a possible trade conflict with China has driven the price of oil up to $67 a barrel, the highest since 2014…Oh how we wish it were 2014 again.
Head of petroleum analysis at GasBuddy, Patrick DeHaan, noted, “recent rhetoric from the Trump Administration inflaming the situation in Syria and pushing a trade war with China is like pouring gasoline on a fire — they certainly put more upward pressure on prices.”
Additionally, U.S. inventories of oil are 20% lower than that of just one year ago in 2017. Here’s hoping that as we edge closer into the summer months, when prices often peak, we aren’t hit with any more bad news.
The post Gas Prices Rise To Three Year High With Summer Travel On Horizon appeared first on GAS MONKEY GARAGE | RICHARD RAWLINGS | FAST N LOUD.
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