More often than not, retail gasoline prices start to move lower in the fall—but this is not a typical year.
Gasoline prices
Ida is rivaling 2005’s Hurricane Katrina in terms of the impact on the U.S. energy sector, with prices rigid at 7-year highs.
Gas prices are at their highest since 2014, as Hurricane Ida leaves lasting impact on major U.S. refinery centers.
Gas prices have been holding relatively steady for the better part of the month.
The price for oil collapsed some 7.5 percent last week, but rebounded 8 percent during the first two trading days of the week.
Though crude oil has experienced wild swings, the retail price for gasoline has barely moved over the past month.
Even with gas prices at the highest level in 6 years, demand is outpacing supplies.
While supply is finally catching up with demand for gas in the U.S., a shortage of truckers to move it is keeping prices sticky.
Consumers hit with the highest gasoline prices since 2014 as they get ready for summer vacations.
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