Gas Prices Surge 20% in a Week
Mar. 5th, 2022 09:39 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
canyonwalkerGas prices are rising as Russia's war in Ukraine has raised concerns about supply problems. Many nations have responded with sanctions on Russia, and some oil companies are suspending operations in/with Russia. In just one week oil increased from $96.xx per barrel to $115. Closer to my own pocketbook, when I went to fill up gas in my car today I found that prices at the pump had increased $0.70/gallon since Monday. That's more than a 15% increase. I wish I'd gassed up Thursday when the increase was only $.30.
UPDATE: Gas prices rose 5 cents later in the day Saturday and another 5 cents Sunday morning. As of Sunday they're now 80 cents/gallon higher than 6 days earlier.
UPDATE 2: No, I'm not driving to the gas station twice a day just to check prices. All comparisons here are for the nearest Costco gas station. Gas prices are displayed in Costco's app. I've been checking the app periodically out of curiosity.
UPDATE 3: Prices rose yet again on Monday afternoon, though this time by only 4 cents. Still, that's 84 cents/gallon in 7 days, an increase of 20% in one week.
UPDATE: Gas prices rose 5 cents later in the day Saturday and another 5 cents Sunday morning. As of Sunday they're now 80 cents/gallon higher than 6 days earlier.
UPDATE 2: No, I'm not driving to the gas station twice a day just to check prices. All comparisons here are for the nearest Costco gas station. Gas prices are displayed in Costco's app. I've been checking the app periodically out of curiosity.
UPDATE 3: Prices rose yet again on Monday afternoon, though this time by only 4 cents. Still, that's 84 cents/gallon in 7 days, an increase of 20% in one week.
