Why Is Gas So Expensive? 7 Things Driving Prices At The Pump Right Now
If you are wondering why gas is so expensive right now, you are not alone. Drivers across the United States are feeling the pressure every time they fill up their tanks. As of Sept. 18, the national average for regular gasoline was around $4.46 per gallon, according to AAA. Diesel prices were even higher, reaching […]
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If you are wondering why gas is so expensive right now, you are not alone. Drivers across the United States are feeling the pressure every time they fill up their tanks. As of Sept. 18, the national average for regular gasoline was around $4.46 per gallon, according to AAA. Diesel prices were even higher, reaching over $6.1 per gallon, according to GasBuddy.
To put things into perspective, for people driving large SUVs and full-size pickup trucks, filling up the tank can easily cost more than $100. So, what is causing gas prices to rise so quickly?
One of the biggest reasons is the disruption to global oil supplies caused by the ongoing conflict in the Middle East.
Why Are Gas Prices So Expensive Right Now?
1. The Middle East Conflict Is Disrupting Oil Supplies.
The conflict involving Iran has created major problems for the transportation of oil through the Strait of Hormuz, one of the world’s most important oil shipping routes. A disruption in this area can quickly affect oil prices around the world because a large amount of petroleum normally passes through the region.
