Gas prices continue to rise after USA pulls out of Iran deal

Darnell Taylor
May 15, 2018

"AAA predicts that the national average may reach $3 a gallon this summer, especially if crude oil prices continue to increase".

Sacramento, CA, May 14- Average retail gasoline prices in Sacramento have risen 3.3 cents per gallon in the past week, averaging $3.55/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento. Lima's gas prices have gone up 11.7 cents since last week.

For the first time since late 2014, the price of gas went above $3 a gallon in Branch County Monday.

While Oklahoma saw one of the largest jumps, the average price of gas per gallon is lower than prices in 44 other states. Woodward now averages about $2.60 per gallon. According to GasBuddy, gas stations in 25 cities are selling gas for 70 cents a gallon more than at this time previous year. North Carolina's average falls below that level, at $2.71 per gallon.

United Nations chief welcomes North Korean pledge to close nuclear site
But since the Winter Olympics in the South, Pyongyang and Washington have agreed to their unprecedented meeting. And much it is a "deal" the USA likely could have gotten many times over recent years or decades.

With sanctions expected to be back in place within the next three to six months, Iran's crude exports are forecasted to decrease, pushing oil prices higher, AAA said. About GasBuddy GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. The typical family will spend about $200 more this summer driving season, according to the Oil Price Information Service.

Florida's most expensive gas is unfortunately right here in Tallahassee and in West Palm Beach.

They point out that USA oil production capacity is much larger now than a decade ago.

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