Average gasoline price surpasses $5: GasBuddy ...Middle East

The average price of gasoline in the U.S. surpassed $5 per gallon for the first time ever on Thursday, according to price-monitoring site GasBuddy. The latest peak comes after months of rising prices and is likely to add to a political headache from the Biden administration, even though presidents only have limited control of the price of the fuel. GasBuddy, in a statement, attributed the increase to high seasonal demand — people tend to drive more in the summer — and pandemic-related supply constraints. The site, and other experts, have also cited Russia’s war in Ukraine and lowered U.S. capacity to refine oil into gasoline as additional factors. Over the past few years,

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Last updated : 09 June 2022 clock 06:56 PM

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Average gasoline price surpasses $5: GasBuddy ...Middle East

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