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Gas Prices Increase Across The U.S. As Global Demand Grows | NBC Nightly News


AND TOM COSTELLO REPORTS THEY COULD SOON HIT THE HIGHEST LEVEL COULD SOON HIT THE HIGHEST LEVEL IN FOUR YEARS. IN FOUR YEARS.>>Reporter: IT’S BEEN FOUR>>Reporter: IT’S BEEN FOUR YEARS SINCE THE NATIONAL AVERAGE YEARS SINCE THE NATIONAL AVERAGE FOR GAS WAS $3 A GALLON. FOR GAS WAS $3 A GALLON. BUT $3 A GALLON MAY BE WEEKS BUT $3 A GALLON MAY BE WEEKS AWAY. AWAY. THE NATIONAL AVERAGE NOW $2.91 A THE NATIONAL AVERAGE NOW $2.91 A GALLON. GALLON. BUT CALIFORNIANS PAY THE MOST. BUT CALIFORNIANS PAY THE MOST. A STUNNING $3.69. A STUNNING $3.69. AS VOTERS CONSIDER REPEALING A AS VOTERS CONSIDER REPEALING A STATE GAS TAX. STATE GAS TAX. IN METRO CHICAGO, DRIVERS ARE IN METRO CHICAGO, DRIVERS ARE PAYING $3.12 ON AVERAGE. PAYING $3.12 ON AVERAGE.>>WITH GAS PRICES GOING UP AND>>WITH GAS PRICES GOING UP AND MY CHECK DECREASING, IT’S LIKE I MY CHECK DECREASING, IT’S LIKE I GOT TO FIND ANOTHER JOB TO PUT GOT TO FIND ANOTHER JOB TO PUT GAS IN MY CAR. GAS IN MY CAR.>>Reporter: THE AVERAGE CAR>>Reporter: THE AVERAGE CAR TODAY GUZZLES ABOUT 600 GALLONS TODAY GUZZLES ABOUT 600 GALLONS EACH YEAR. EACH YEAR. AMERICANS ARE NOW PAYING 40 AMERICANS ARE NOW PAYING 40 CENTS MORE PER GALLON THAN THEY CENTS MORE PER GALLON THAN THEY DID LAST YEAR. DID LAST YEAR. ANALYSTS ESTIMATE THAT A TWO-CAR ANALYSTS ESTIMATE THAT A TWO-CAR FAMILY WILL SPEND $500 MORE FOR FAMILY WILL SPEND $500 MORE FOR GAS THIS YEAR THAN LAST YEAR. GAS THIS YEAR THAN LAST YEAR. BUT IF GAS GOES TO $3 A GALLON BUT IF GAS GOES TO $3 A GALLON IN 2019, THAT TWO-CAR FAMILY IN 2019, THAT TWO-CAR FAMILY WILL SPEND $740 MORE FOR GAS WILL SPEND $740 MORE FOR GAS THAN IN 2017. THAN IN 2017. THE HIGHER GAS PRICES COME JUST THE HIGHER GAS PRICES COME JUST AS NEW U.S. SANCTIONS AGAINST AS NEW U.S. SANCTIONS AGAINST IRAN KICK IN NEXT MONTH. IRAN KICK IN NEXT MONTH.>>THAT EFFECTIVELY IS GOING TO>>THAT EFFECTIVELY IS GOING TO CUT OFF A GOOD PORTION OF CRUDE CUT OFF A GOOD PORTION OF CRUDE OIL THAT FLOWS INTO THE MARKET. OIL THAT FLOWS INTO THE MARKET. THAT IS ALSO HAVING AN IMPACT. THAT IS ALSO HAVING AN IMPACT.>>Reporter: WITH AMERICANS

13 thoughts on “Gas Prices Increase Across The U.S. As Global Demand Grows | NBC Nightly News

  1. Republican plan to increase drilling here in the U.S. It’s all about creating jobs here but only at the cost of $3.50 per gallon of gas.

  2. all of a sudden like someone turning on a light switch, eh? new "news". just wait, these are the same folks who will tell us later that "who would have known" that a new Earth system dynamic would have been spawned.. or an existing one, such as the polar vortex, El Nino southern oscillation or Atlantic thermohaline hit a threshold? who knew it could be complicated? like Trumpies. talk about the lowest common denominator. we have extreme dexterity but intelligence… relative to what? chickens and pigs?

  3. Exactly and the US has little recourses ( No money also called broke)and are unable to purchase and refuse to use advanced alternative technology so obviously fuel will be much much more expensive in the US ( among other vital things)and that’s just in time for the winter ! Congratulations!

  4. This was always going to happen. Big Oil paid for Trumps election and Russia helped rig the votes. They both want the price of oil to go up. Big oil needs to keep it high, so they can finally exploit the billions they paid for their shale reserves and Russia needs it high, so the oligarchs can keep stealing the profits. The problem is Iran has the largest’ tappable’ oil reserves in the world, they can put as much oil as they want into the market at 20 dollars a barrel. That’s really why the sanctions have been re-introduced. So, stop complaining and buy oil shares.

  5. Don't just fixed your wallet but rather change your pocket … THIS
    WAS MY POST EARLY THIS YEAR … OFF-THE-ROCK in Mid-2017 for 2018 Pegging the
    price of Crude Oil: 1st quarter $72 per barrel, 2nd quarter $78 pb, 3rd quarter
    $82 pb & 4th quarter $100 pb, take note oil producing countries needs:
    Saudi Arabia $65-70pb to balance their GDP; OPEC $80-85 pb for its members;
    Non-OPEC $100-150 PB; Venezuela, African oil producers, Nigeria and Angula $200
    pb to balance their GDP and payments of loans. Again, take note these producing
    countries are at head-on or in proxy wars, and these price hikes would continue
    until it runs out. Price up dates from WTI & Brent Northsea HOWEVER, IF THE
    SAGA IN THE STRAIT OF HORMUZ WILL COME SOONEST – Oil $500? This is why you
    should know about this trend now … http://youtu.be/gFmhawwjbb0  AND WHAT YOU DON'T KNOW GASOLINE/DIESEL FUELS is a
    POLITICAL COMMODITY. Political Candidates won't touch the price at the pump to
    obviously win the votes of their (innocent electors) constituents. This only
    but normal in fast coming elections seasons. You are puzzled, with the constant
    hurricane, proxy wars, cutting the supply of oil, depleting dollar, trade war,
    etc., etc., and why oil remains low — obviously to get the votes! In the post-elections, prepare to buckle up and down for the pump price of fuels and its derivatives.

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