Prices at the pump in the US hit an eight-month high this week — boosted by the increased cost of crude oil as producers slash output.
According to roadside assistance company AAA , as of Friday, the average national gas price is $3.73 per gallon for regular gas — up 20 cents from last month’s average.
The more fuel-efficient premium gas, meanwhile, has surged to nearly $4.50 — also a 20-cent increase from June.
California’s average is the highest, at $4.95 per gallon of regular gas. In counties like Mono, for example, located just outside Yosemite National Park, the price per gallon has soared to an eye-watering $6.05, according to figures by AAA.AAA spokesman Robert Sinclair cited OPEC+’s July 1 decision to slash crude oil production to 3.6 million barrels per day — “3.6% of total daily global production of 100 million barrels,” Sinclair said.The voluntary cut is being implemented on top […]
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