U.S. Gas Prices Rise, Ending 98 Day Steak Of Declines

Nationwide – US gas prices rose slightly on Wednesday, ending a streak of 98 consecutive days in which costs at the pump had declined, according to the American Automobile Association. The national average price rose to $3.681 per gallon, up from $3.674 per gallon one day earlier, according to AAA. The increase marked the first time that gas prices rose since June 14, when the cost-per-gallon hit an all-time high of $5.016. “All streaks have to end at some point, and the national average for a gallon of gas has fallen $1.34 since its peak in mid-June,” AAA spokesperson Andrew Gross said in a blog post earlier this week. “But there are big factors tugging on global oil prices—war, COVID, economic recession, and hurricane season. All this uncertainty could push oil prices higher, likely resulting in slightly higher pump prices,” Gross added. The 98-day streak of declines was the longest of its kind since 2005. However, prices are still about 50 cents higher than they were one year ago.