Gas prices near all-time highs
Digest more
Oregon gas tax struck down by voters
Digest more
As the average price of gas in the US continues to rise, President Trump is again asking Americans for patience at the pump.
Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous publications including TheStreet, Mansion Global, CN..
Gas prices were relatively flat this week, remaining at their highest level in nearly four years. As of May 18th, weekly prices were down 1 cent for regular and
The national average for a gallon of gasoline has been ticking up since the start of the war with Iran. The latest average of $4.50 a gallon is an increase of over $1.50 since the war started.
With the affordability crisis a key concern of the general public, Trump has been accused of being "out of touch" regarding the economic hardships facing many Americans.
Gas prices have climbed above $4 per gallon in every state for the first time in years, as rising crude oil prices tied to instability in the Middle East continue to strain consumers ahead of the summer driving season.
Rising gas prices are already changing summer plans for many families across Central Louisiana, with some cutting back on travel as prices at the pump continue climbing.
Memorial Day weekend itself is expected to see prices around $4.48 per gallon — significantly higher than last year’s holiday weekend, when prices were $3.14 per gallon. President Trump has brushed off Americans’ concerns about filling up, however, calling gas prices “peanuts” compared to the cost of Iran getting its hands on nuclear weapons.