Home Insurance Common fuel costs climb for the eighth week in a row

Common fuel costs climb for the eighth week in a row

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Common fuel costs climb for the eighth week in a row

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(Grey Information) – Common fuel costs within the U.S. have climbed for the eighth consecutive week.

Based on GasBuddy, the common fuel value is now $3.52 per gallon, rising 3.2 cents from per week in the past. That quantity can also be up 20.7 cents from a month in the past and 88.9 cents from a yr in the past.

“With tensions nonetheless very excessive that Russia might invade Ukraine, gasoline costs saved transferring increased, tugged by the rising value of oil because the market concentrates on attainable outcomes from the scenario that might have an effect on world oil manufacturing amidst recovering demand,” stated Patrick De Haan, head of petroleum evaluation for GasBuddy. “The weeks forward may very well be moderately ugly with rising costs, particularly if Russia pursues a strong-arm invasion of Ukraine.”

The states with the bottom common fuel costs per gallon are Oklahoma ($3.17), Arkansas ($3.18), and Mississippi ($3.18). The states with the very best common fuel costs per gallon are California ($4.72), Hawaii ($4.49), and Oregon ($3.96).

GasBuddy compiled information from greater than 11 million particular person fuel value studies from greater than 150,000 fuel stations throughout the nation.

Copyright 2022 Grey Media Group, Inc. All rights reserved.

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