Why Are Gas Prices So High?
Following the start of the summer travel season this past Memorial Day holiday, gas prices are on the minds of most Americans, as the rising prices have been busy squeezing wallets at an alarming rate. AAA reports prices across the United States now $4.25 led by California’s eye-popping $5.63 per gallon due to its larger state gas tax and government mandated, greener but more costly fuel blend. This is painful, but still down from the high in June of over $5. 7 Stocks to Buy on the Dip So what’s to blame for the seemingly out-of-control jump in gas prices? As we’ll explore, it’s a perfect storm of factors, but not a situation without reasons to remain positive. Covid’s Still Lingering Finger on Gas Prices Remember those viral videos of wildlife reclaiming outdoor spaces as people globally hunkered down indoors at the onset of the coronavirus pandemic? Dolphins swimming in Venice , monkeys window shopping at HM or Macy’s (NYSE: M ) and that sort of thing? The wheels of commerce had stopped, and Mother Nature made a comeback.
Why Are Gas Prices So High?
Following the start of the summer travel season this past Memorial Day holiday, gas prices are on the minds of most Americans, as the rising prices have been busy squeezing wallets at an alarming rate. AAA reports prices across the United States now $4.25 led by California’s eye-popping $5.63 per gallon due to its larger state gas tax and government mandated, greener but more costly fuel blend. This is painful, but still down from the high in June of over $5. 7 Stocks to Buy on the Dip So what’s to blame for the seemingly out-of-control jump in gas prices? As we’ll explore, it’s a perfect storm of factors, but not a situation without reasons to remain positive. Covid’s Still Lingering Finger on Gas Prices Remember those viral videos of wildlife reclaiming outdoor spaces as people globally hunkered down indoors at the onset of the coronavirus pandemic? Dolphins swimming in Venice , monkeys window shopping at HM or Macy’s (NYSE: M ) and that sort of thing? The wheels of commerce had stopped, and Mother Nature made a comeback.