Why Are Gas Prices Rising? States See Increase of 6 Cents a Gallon

Why Are Gas Prices Rising? States See Increase of 6 Cents a Gallon

The average U.S. price of regular-grade gasoline has increased by 6 cents in the past two weeks to $3.02 per gallon, according to the Lundberg Survey. The American Automobile Association (AAA) puts the figure at $2.985, but both numbers indicate a significant jump from this time last year.

The Lundberg shows the national average price for regular gas is $1.05 higher than it was a year ago and 84 cents more than the price in November. It's $1.138 higher than this time last year in AAA's statistics.

In a press release on Sunday, AAA noted the last time the national gas average reached $2.99 or higher was November of 2014. AAA predicts prices could reach that threshold if not surpass it in the coming days, as gas prices are projected to continue climbing.