Although demand is down, gas prices are still rising due to an increase in oil prices.
Spring is finally here, and that means a rise in gas prices. Gas prices rose by 11 cents on average this week, according to AAA’s weekly report. The average gas price now sits at $3.52 per gallon."Gas prices are a lot like seasonal temperatures," AAA spokesperson Andrew Gross said. "They start to rise with the arrival of spring."Rising oil prices are to blame for the higher costs at the pump.
CAR INSURANCE COSTS TO KEEP RISING IN 2024 – PAY LESS IN THESE US STATESIn the ever changing world of electric vehicles, the Biden Administration finalized a rule that intends to encourage consumers to buy electric and hybrid vehicles.The rule will slowly limit the amount of pollution allowed from vehicle tailpipes. By 2032, more than half of new cars sold would need to be emission-free to meet this new standard. This final ruling will help avoid billions of tons of CO2 emissions through 2055.
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