Saturday, October 8, 2022

Gas Prices in US Rise for A Second Week After Refineries Shut Down | Farsnews Agency

 Gasoline prices in the United States are creeping higher, reversing a monthslong streak of declines and chipping away at a potent talking point for the Joe Biden administration, which had been emphasizing its success at easing pressure on drivers since the summer.

Though the uptick has followed a rise in crude oil prices, analysts pointed to two new factors that are also pushing gasoline higher — a loss of refining capacity in California and Ohio, and rising demand in recent weeks, The New York Times reported.

The national average price of regular gasoline stood at $3.891 a gallon on Friday, climbing for more than two weeks, according to data from AAA. That’s lower than the record of about $5.02 reached in June but still higher than usual for this time of year.

Prices have made a particularly big leap in California. At about $6.39 a gallon, prices are close to the state’s June record of $6.44. Gas prices there and in other Western states, including Nevada and Arizona, jumped after several refineries in the region closed for maintenance.

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