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Gas prices continue to rise after U.S. pulls out of Iran deal

Gas prices continue to rise after U.S. pulls out of Iran deal

According to the Sacramento Bee, AAA and other sources, the price of crude oil is surging due in part to the conflict in Syria and President Donald Trump's decision to withdraw from the Iran nuclear pact and impose more sanctions on that country. Of course the rising prices will mean more pain at the pump just as the summer driving season is getting underway. "AAA predicts that the national average may reach $3 a gallon this summer, especially if crude oil prices continue to increase".

North Carolina is now below that average - at $2.72.

As a result, AAA says 36 states have seen at least a five cents per gallon rise in the price of fuel. This compares with the national average that has increased 5.7 cents per gallon in the last week to $2.86/g, according to gasoline price website GasBuddy.com.

- Road trips will cost more this year thanks to higher gas prices.

Note: AAA Oklahoma contributed to this article through a press release.




Nationally, 36 states are seeing gas prices that are a nickel or more expensive than the previous week.

Sacramento, CA, May 14- Average retail gasoline prices in Sacramento have risen 3.3 cents per gallon in the past week, averaging $3.55/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento.

Planning to travel this summer?

Local gas prices have hit the $3 mark at some stations. Analysts think chances of that record being broken anytime soon are slim. Should oil prices start to rise too quickly, US producers will pump more oil.


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