$3 gas is here and there doesn’t seem to be any respite

Texas News Today

San Antonio – A few days before Halloween, local drivers have a terrifying sight – gas breaks the $3 per gallon mark. And one analyst says no measure has been seen yet.

For consumers, this means the fear of more cash to get a job, take the kids to school, or work.

“I was able to fill my car for $15. That’s double,” said Sharon Walker. “Now I’m paying $30.”

Gallon prices rose 9 cents last week. Last month’s average rose 26 cents.

And it costs about $17 to fill the tank compared to a year ago. This is roughly equivalent to the cost of a large pizza, which includes one piece, or a monthly Netflix invoice.

Why do prices go up when they usually fall?

Patrick DeHaan, chief analyst at Gas Buddy, said:

He said the supply-demand gap has widened as the energy crisis in Europe and China escalated, and no remedy has been found in consumer wallets.

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“Don’t expect things to be better for the holidays,” he said. “Actually, they might be a little worse.”

The average price of a gallon of gasoline on Tuesday was $2.90 a gallon.

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$3 gas is here and there doesn’t seem to be any respite

Source Link $3 gas is here and there doesn’t seem to be any respite

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