Gas Prices Surge, Hitting Wallets Harder

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Gas prices are seen at a gas station in Skokie, Ill., Sunday, Feb. 18, 2024. Gas prices hit three-month high as oil surges amid middle east conflicts. (AP Photo/Nam Y. Huh)
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(AURN News) – If you need gas, you may want to fill up sooner rather than later as gas prices continue to increase across the country. According to the American Auto Association (AAA), the national average price of gas now sits at $3.41. A month ago it was $3.25. California is seeing average prices at $4.87 while Texas is sitting at $3.04. But you can expect even more changes. AAA says that oil is crossing $80 a barrel, and warm temperatures are expected to come into play. The summer blend is also expected to increase prices by 10 to 15 cents, AAA says. 

It remains to be seen how paying more at the pump will continue to impact the Federal Reserve’s battle against inflation. Last month, the country saw an increase in the Consumer Price Index as inflation continues to creep up.

Among the states with the biggest increases in prices are Texas, with a 10-cent increase in prices, followed by Alaska, Oregon, and Washington D.C.

As we grapple with rising fuel costs, the impact is felt not only at the gas station but also in daily budgets. Families are being forced to make tough decisions about their spending as prices soar.


Click play to listen to the AURN News report from Jamie Jackson:

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