US gas prices climb to an eight-month high | CNN Business

. That’s the highest level since mid-November 2022. Pump prices have now jumped by roughly 12 cents in the span of just three days. Gas prices remain well below the painful levels of last year. Following Russia’s invasion of Ukraine and the spike in oil prices, gas prices hit a record of $5.02 a gallon in June 2022. Still, there has been a significant shift higher in recent days after a long period of stable prices. According to AAA, gas is now selling at an average of $3.

Saudi Arabia and Russia are intentionally holding back supply in a bid to lift prices – and that strategy is starting to work. Another significant problem: Some refineries, including at least one ExxonMobil facility, had to undergo unscheduled maintenance in recent days. Analysts say extreme heat is sidelining some refinery activity, limiting supply of gasoline, diesel and jet fuel. The timing is terrible for drivers, because demand is high right now amid the summer travel season.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Gas prices just saw their biggest one-day increase in a year | CNN BusinessThe monthslong calm in gas prices is over. The national average price for a gallon of regular gasoline surged by 4 cents on Tuesday to $3.64, according to AAA.
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »

Home prices stayed strong in May | CNN BusinessHome prices rose in May for the fourth consecutive month, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index released Tuesday.
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »

Skittles' newest flavor will make your nose hairs curl | CNN BusinessIn celebration of National Mustard Day on August 5, Skittles has partnered with French's to make its first-ever mustard-flavored candy.
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »

The world's biggest ice cream company says heat waves may not help sales | CNN BusinessCan it ever be too hot for ice cream? According to Unilever, yes.
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »

UPS and Teamsters reach a labor deal, potentially avoiding a crippling strike | CNN BusinessUPS and the Teamsters have reached a tentative deal on a new contract, potentially avoiding a strike. A labor stoppage could have started as soon as next week and crippled US supply chains and been a multi-billion dollar hit to the economy.
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »