Commodities
Gas Prices Surge Back to Spring Levels Amid Ongoing Oil Volatility
The national average price for regular gasoline has increased by 16 cents from last week to $4.43 per gallon, surpassing its value a year ago.
Crude oil prices remain high, averaging $100 per barrel due to ongoing volatility in the Strait of Hormuz.
Gas prices have returned to their spring levels and are approaching this year's record high of $4.56 set on May 21.
The national average is getting closer to its all-time high of $5.01, which was reached on June 14, 2022.