As gas prices have increased this summer it was showed that the national average was $3.82 on Monday, according to AAA. It has seen that the gas prices have increased this summer because of supply and cost.
Gas Prices have Increased this Summer
This gas prices have increased this summer are a result of the limited supply and high price of oil. Gas demand and erratic oil prices particularly during a busy hurricane season, might have an impact on gas prices have increased this summer. Gas prices have increased this summer and some of the causes are rational. Demand rises so as gas prices have increased this summer as more individuals travel particularly on road trips and family holidays. Additionally, throughout the spring, energy corporations shut down their refineries and restrict capacity until late May in order to perform maintenance on them. Gasoline graded for summer burns cleaner than gasoline graded for winter. This just means that it emits fewer dangerous air pollutants and less smog.
Since oil makes up about half of the price of a gallon of gasoline, higher pump costs are primarily attributable to rising oil prices but other analysts assert that gas prices have increased this summer because this summer’s heat wave that blanketed the nation has only served to drive up pump prices even higher. Refineries, which transform oil into useful goods like gasoline, are unable to operate at full capacity in extremely hot conditions.
As Gas Prices have Increased this Summer the National Average for a Gallon Now is $3.82
On Labor Day 2022 the national average for a gallon of normal was $3.78 however it has since risen to over $3.80. The national average was $3.82 on Monday AAA says.