Meanwhile, average U.S. gas prices also soared, passing $3 per gallon for the first time since 2014 on Wednesday andevery day since, reaching about $3.04 on Saturday, according to data from both GasBuddy and AAA.
Gas prices have climbed roughly 18 cents over the past month nationwide, according to AAA, but southeastern states hard-hit by the recent shortages have seen even starker declines, with prices in North Carolina—where 59% of gas stations are still out of gas—rising by more than 30 cents per gallon over the past month.
As of 1 p.m. Eastern, AAA shows that prices are roughly flat Sunday, while GasBuddy is showing a nearly 1 centThere have, however, been promising developments: All but three of the 16 East Coast states affected by the pipeline shutdown saw gas shortages improve or stay the same on Saturday, which also marked the third-straight day of falling fuel demand nationwide.
In a Sunday email, Patrick De Haan, the head of petroleum analysis at GasBuddy, said he expects prices could fall back under $3 per gallon in the next week or so as price increases in some areas of the Southeast decline thanks to Colonial's resumption of operations.The shutdown has contributed to increases in gas prices, which were already rising due to higher crude prices and demand ahead of Memorial Day," a AAA spokesperson wrote in a Sunday email.
Thanks JoeBiden
This PRICE RISE is INFLATION due to the COLLAPSE in the INTRINSIC value of the US dollar.
Biden's America.
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