US EditionGas Prices Near You In Lake Elsinore Are Falling In Advance Of Expected Summer Rise
UNITED STATES, JUN 17 – Middle East tensions and California refinery closures contribute to rising U.S. gas prices, with nationwide averages increasing by 6.3 cents in the past week, experts say.
- Gas prices in the Gary metropolitan area rose 3.5 cents last week to an average of $3.30 per gallon, reflecting local and national shifts.
- The rise comes after U.S. oil stockpiles dropped sharply by 10 million barrels, while the escalating tensions between Israel and Iran are constraining supply amid heightened demand for fuel during the summer season.
- Additional factors include recent refinery flaring near Chicago and intensified price cycling driven by Middle Eastern tensions, influencing broader regional price hikes.
- Analyst Patrick De Haan noted that as conflicts in the Middle East intensify, there is a significant chance that oil prices will be further affected.
- These developments suggest continued volatility and likely gas and diesel price increases nationwide, especially in Wisconsin and nearby states ahead of the July 4 holiday.
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Gas Prices Near You In Lake Elsinore Are Falling In Advance Of Expected Summer Rise
Gas Prices Near You In Lake Elsinore Are Falling In Advance Of Expected Summer Rise - Lake Elsinore-Wildomar, CA - Gas prices in Riverside County and across California decreased slightly as summer gets into full swing in June.
Raleigh gas prices set to surge amid rising Middle East tensions, just before July 4th travels
As tensions between Israel and Iran intensify, Americans are feeling the heat at the gas pumps with anticipated price hikes of 10 to 20 cents for gasoline and 15 to 25 cents for diesel.
Fuel prices at Estonian gas stations rose sharply on Thursday. According to Alexela's energy sales manager Tarmo Kärsna, the price increase is directly due to the war between Israel and Iran.
Gas prices could rise amid Middle East tension, experts warn
After dipping to a four-year low just ahead of Memorial Day, gas prices may soon head in the opposite direction and quickly as tensions escalate between Israel and Iran in the Middle East.Many drivers are asking the same question: Why? Especially when the United States imports most of its crude oil from Canada, Mexico and Saudi Arabia not directly from the region in conflict. Gas prices could rise amid Middle East tension, experts warnTo get som…
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