After declining last week, the nation’s average gas prices have begun to climb again, rising 2.5 cents per gallon from a week ago to $3.09, according to GasBuddy.
The national average now stands 4.7 cents higher than a month ago and 92.1 cents higher than a year ago.
The national average price of diesel has risen 2.3 cents in the last week and stands at $3.24 per gallon.
Gas Buddy’s Patrick De Haan states, “As we approach July 4, it appears the only way forward is for gas prices to continue to rise as Americans’ demand for gasoline continues to act as a catalyst.”
Crude oil inventories saw another plunge last week, falling 7.6 million barrels and now stand six percent under the average for this time of year. Gasoline inventories also dipped, dropping 2.9 million barrels. U.S. gasoline demand fell slightly after reaching new records for consecutive weeks.
Nationally, weekly gasoline demand fell 2.1 percent.
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