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Saturday, June 3, 2023

A Hidden Reason Why Gas Prices Are Headed Higher

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Gasoline costs are at report highs and sure headed larger.

The value of a gallon of normal gasoline is above $4 in all states, above $5 in a number of, and above $6 in California, in response to AAA knowledge.

Nationally the typical value of a gallon of gasoline was $4.62 on May 31, because the summer time driving season obtained underway.

And costs for crude oil, the principle element in gasoline, proceed to rise. 

Earlier Forecast

In early May the U.S. Energy Information Administration forecasted that the worth per barrel of Brent crude, the efficient worldwide commonplace, would common $107 within the second quarter and $103 within the second half of the yr. 

Source: www.thestreet.com

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