Why gas prices are going back up after nearly 100 days of declines

The American driving public enjoyed dropping gas prices for 98 straight days this summer, in part due to a slowing in the demand for oil globally.

This was the longest losing stretch for gasoline prices since the early 1970 months. 

Now, a reduction in oil supply that the OPEC+ group hinted at last week has raised global crude prices, driving up gas prices once further.

The average nationwide price of a gallon of gas increased to $3.92 on Monday, according to AAA.

According to Patrick De Haan, chief petroleum analyst at the gas price monitoring organisation GasBuddy.com.

prices are anticipated to continue rising from here as oil prices rise.


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