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Page added on May 10, 2018

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Ready to pay more at the pump?

Gasoline prices in Fresno already increased beyond $4 per gallon this week at some places in town.

And gas prices are projected to rise even more going into the summer in the aftermath of President Donald Trump’s decision to withdraw from the Iran nuclear deal.

A year ago, the national average for was $2.34 for a gallon of gas, according to a CNN Money report. These days, that national average has jumped to $2.81 per gallon.

Those in Fresno can probably add a dollar on top of the national price, with high state taxes and stringent standards for reformulating gasoline raising consumers’ costs in the Golden State.

Prices of crude oil and gasoline already had been steadily rising. Wednesday’s oil surge brought prices to its highest prices in more than three years, according to CBS News.

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Gasoline prices in Fresno already increased beyond $4 per gallon this week at some places.
Larry Valenzuela The Fresno Bee

Trump’s decision on Iran could mean less oil on the world market from Iran, and higher gas prices.

Iran increased its oil production by 1 million barrels per day after sanctions were lifted back in 2016. Some of that oil now will be pulled from the market, experts project.

But it’s not clear how high prices will go.

Patrick DeHaan, head of petroleum analysis for GasBuddy, explains why the national average price of gasoline is now its priciest since July 2015. GasBuddy is a smartphone app that uses crowd-sourced information to track gas prices. GasBuddyAggregated by Jim Donaldson

Bee


57 Comments on "Ready to pay more at the pump?"

  1. MASTERMIND on Fri, 11th May 2018 8:03 pm 

    sissy

    Trump is going to end like Kushner’s father. In a prison cell…

  2. makati1 on Fri, 11th May 2018 11:15 pm 

    MM, try very, very hard to think for yourself. If that is possible, you may realize that all of your denial is just that. Denial. Hard to face being in a prison you cannot escape from until you die, isn’t it?

    Barring those 3AM flashes over American cities, the “crash” will take time to evolve. It took three years for the Stock Market to hit bottom in the Great Depression. Yes, what you describe is going to be the series of events in the Us. Not the rest of the world. Sorry!

    International trade is NOT going to stop overnight. The financial system may freeze up for a while, but some emergency measures will be taken to break it lose. There are other systems in place now to side step the American controlled one. Hint: Do you own gold? LOL

  3. makati1 on Fri, 11th May 2018 11:18 pm 

    “3rd world, it’s hard to top your immaturity.”

    Davy, you do it with every post. LOL

  4. Davy on Sat, 12th May 2018 12:50 am 

    Der hund. It is disgusting with the dirt that is being uncovered with the FBI, CIA, NSA and the Democrats. You should be ashamed of yourself.

  5. DerHundistlos on Sat, 12th May 2018 4:15 am 

    Eceptionalist Davyturd:

    Oh really? As you like to say, where’s your proof? You have none as usual other than fake conspiracy theories you enjoy repeating by the Drugster Limbaugh and Fox Noise. Are you going to try again with PizzaGate 2.0 or Seth Rich?

    You are a disgusting liar and hypocrite of the worst kind.

  6. DerHundistlos on Sat, 12th May 2018 4:19 am 

    Glad to see I got under your skin Davyturd with my earlier comment about your Dear Leader. You just could not wait to throw out a stupid insult.

    You must have a boring and pathetic life that you spend 24 hours a day on this site. I guess that’s what happens when you fail in business and have Daddy paying for everything. No wonder you are so angry and bitter,

  7. Davy on Sat, 12th May 2018 6:14 am 

    Old man are you afraid the address the topic of the dirt on the Democrats? Pretty nasty too. This is not a pizagate thing this is the worst corruption this country has ever seen and YOU are part of it.

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