Gas Prices Up 34 Cents Since July 1
Summer gas prices have spiraled out of control since July 1, climbing to $3.67, a 34 cents per gallon increase. Prices are at least partially to blame because of pipeline and refinery issues on the West Coast and Midwest.
Gas prices at the pump also increase during the spring and summer months because a more expensive blend of gasoline must be manufactured to keep up with clean air rules. Demand also increases in the summer as more Americans take their family on vacations.
The worst hit areas include Vermont, Illinois,Ohio, Kentucky, Michigan and Wisconsin which have experienced price increases of more than 50 cents since June. In California gas prices have increased by 13 cents since Friday’s refinery fire.
According to officials the increase in gasoline prices shouldn’t largely affect the economy since $.034 per gallon typically means just a $33 per month increase for the average American household.
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