Gas prices have already soared and hurt the pockets of many, as we struggle to stay afloat in today’s economy. Now it looks like gas prices are going to continue to soar even more, as some predict it could get as ugly as $7 a gallon by the spring/summer of 2022.
In some areas, such as Harrisburg, PA, prices have increased 6.3 cents a gallon in just the past week for an average of $3.72 a gallon.
Gas prices in Central PA, are 22.3 cents a gallon higher than a month ago and 87.6 cents higher than a year ago.
The national average price of gas has increased 3 cents a gallon in the last week, averaging $3.51 a gallon today.
“With tensions still very high that Russia may invade Ukraine, gasoline prices kept moving higher, tugged by the rising price of oil as the market concentrates on possible outcomes from the situation that could affect global oil production amidst recovering demand,” said Patrick De Haan, head of petroleum analysis for GasBuddy.
“However, with nuclear talks between Iran and global powers ongoing in Vienna, the possibility exists that a new deal could bring Iran’s crude oil supply back to legitimate markets, helping to ease a slight portion of supply concerns.
While the proposition remains in the air for the time being, we’re also just a few weeks away from the traditional start of the spring surge in gasoline prices, brought on by the change to summer gasoline, seasonal maintenance at refineries and rising demand. The weeks ahead could be rather ugly with rising prices, especially if Russia pursues a strong-arm invasion of Ukraine.”
AAA said on Thursday that “elevated” crude oil prices are continuing to push gas prices higher.
“Although crude prices slipped today due to increased market expectations that more oil could enter the global market if the U.S. and Iran complete a new nuclear agreement, and sanctions are lifted, the tension between Russia and Ukraine contributed to rising oil prices earlier in the week.
Russia is a member of OPEC+, and any sanctions based on their actions toward Ukraine may cause it to withhold crude oil from the global market,” according to AAA.
It looks like we will all be hurting further when it comes to finances. We will basically be working to pay for our gas to travel to and from work.
If all of the Elites in DC had to pay for gas like we do I bet they would go out of their way to do something about it
Prices is spelled with a C.
Useless Joe needs to awaken from his stupor, shallow his liberal pride, burn up his executive order to cripple the oil industry in America; and reopen the Keystone Pipe Line. Of course he’ll have to get permission from the globalists and Obama who are actually running our government. Stupidity at its utmost! I sure miss DJT.
Thanks DEMENTED JOE-B & all you Sheep followers that Voted in THIS MORON-IN-CHIEF, He should be wearing Orange ‽‽ That’s the color for CRIMINALS – There’s People in prison that shouldn’t be their‽‽ We have a FRAUDULENT VOTED HOWDY DOODY that’s Caused mass murder throughout this country for over a year, And he still hightailes it to DELAWARE ever weekend, to skinny dip in his POOL, all the while this COUNTRY HAS BEEN TURNED UPSIDE DOWN ‽‽ He has done nothing & to Demented- The AMERICAN PEOPLE – legal “citizens ” Should sue the Whole damn Administration