High Gas Prices

Above, the price of gasoline on January 25, 2020 in Gallup, New Mexico. Photo by Armand Vaquer.

Yesterday, I filled up the Mustang's gas tank at the Flying J and was stunned that the price for unleaded regular was at $3.05 9/10 per gallon.

Luckily for me, my Good Sam membership gets me a nickel-per-gallon discount at Pilot/Flying J travel centers, so I paid $3.00 9/10 per gallon. This was the most I've paid for gasoline since I left California three years ago.

Why the rise in gasoline prices?

According to Fox News:

Gas prices are on the rise again after a "short-lived" decline, according to an industry expert.   

The nation's average gas price rose 1.7 cents per gallon over the past week, notching $3.16 per gallon, according to GasBuddy, which compiles data from more than 150,000 gas stations across the country. 

The national average is now 3.8 cents higher than it was a month ago and nearly 92 cents higher than a year ago.

"Last week’s decline of the national average price of gasoline was short-lived," Gasbuddy head petroleum analyst Patrick De Haan said. "Prices have now rebounded on continued strong gasoline demand in the U.S., which has pushed oil prices back up after a brief lull."  

To read more, go here.