Gas prices jump to highest price in nearly 7 years
Fuel trucks fill their tanks at a fuel terminal in Richmond, Calif. (Photo by Justin Sullivan/Getty Images)
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UPDATED 1:40 PM PT – Friday, August 6, 2021
Gas prices have reached a seven-year high with motorists paying 15 cents more to fill up compared to three months ago. According to Thursday reports, the national average for a gallon of regular gas reached between $3.15 and $3.19 as of Monday.
This has marked the highest prices seen since October 2014. Experts warned prices were expected to peak in the coming weeks and wouldn’t drop until the vacation season came to an end.
#Bidenflation continues to take money away from the American people.
📈 Gas prices increased by 45.1%
📈 Used cars increased 45.2%
📈 Milk increased by 5.6%
📈 Food prices increased by 2.4% pic.twitter.com/i0lkosNR9d— Mario Diaz-Balart (@MarioDB) July 30, 2021
However, experts also cited concern over a potential rise in the price of crude oil amid concerns over COVID-19 case numbers and how the could affect future demand.
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