“The Rise in Demand and Prices of Gasoline in the United States: Driven by Oil Market Trends and Seasonal Effects”

The average gasoline price in America stands at $3.58 per gallon, marking the highest in nearly six months. Behind this surge are the increasing seasonal demands and higher oil prices. Decreasing gasoline inventories reinforce demand, while a tightening oil supply exerts further pressure on prices. The upward trend is expected to continue, with anticipations of further hikes during the summer months, particularly in the mid-Atlantic and northeastern regions. Concurrently, the United States’ gasoline demand continues to grow, signaling potential additional price increases.