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Gasoline Prices Rise Across US Again, Experts Warn More Pain at Pump Coming

By Katabella Roberts

 

The price of gasoline has risen across the United States again as experts warn that more pain could lie ahead at the pumps for Americans.

The average price of a gallon of regular-grade gasoline currently stands at $3.488, an increase of more than 30 percent since the same time last year, when it was $2.505 a gallon, according to data from the American Automobile Association (AAA).

In the last week, the price of regular-grade gasoline has soared nearly 1.4 percent, from $3.441.

According to the latest data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 1.6 million barrels to 248.4 million last week.

 

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