Friday, March 29, 2024
Homemarket insiderGas prices jump to 2-year high, with more gains expected for Labor...

Gas prices jump to 2-year high, with more gains expected for Labor Day weekend

  • Prices at the pump jumped sharply by Friday morning, with another 20 to 30 cents per gallon hike expected.
  • The national average rose by 7 cents per gallon to $2.52 from Thursday.
  • Gasoline prices are rising sharply in some states, and they are expected to continue to climb until the damage from Harvey becomes clear and refineries begin to get back online.
  • About 1.8 million barrels of refining capacity is expected to come back online soon.

RELATED ARTICLES
- Advertisment -

Most Popular