Gas Prices Reach Nine-Month Highs Due To Extreme Heat, Supply Cuts
- Gas prices have risen to the highest level in nine months, with the national average around $3.80 per gallon.
- The increase is attributed to extreme temperatures reducing refinery output, lower production from OPEC+, and tight gasoline inventories.
- Some states like California have average gas prices exceeding $5 per gallon, while others like Texas remain below the national average.
- Additional factors like hurricane season, rising oil prices, and geopolitics could drive prices even higher through the summer.
- There are ways for consumers to maximize fuel efficiency, such as proper tire inflation and avoiding aggressive acceleration.
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