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Inflation: Gas prices will get even higher

Experts say that there are two main reasons.

gas prices set to increase

Gas prices have been driven up because of the increased cost of crude oil.

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Why are gas prices so high and will they go back down?

Gas prices have increased has oil prices have reached about $100 a barrel. An auto expert from AAA fears that gas prices will likely increase and remain that way for awhile. Click here to learn more.

One of the reasons for the increase is the “summer blends” of gas. This blend is more difficult to refine and distribute. The process has to be completed on the west coast by mid-April. This leaves the prices going up.

Gas prices have reached a new high of $4.43 a gallon, which means there has been a 22% increase in the past two weeks.

President Joe Biden issued an executive order banning Russian oil from being imported. This ban was issued after the Russian invasion of Ukraine. Since the start of the invasion, oil prices have increased 29%.

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