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Oil and Gas Industry News

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Gasoline prices in the U.S. are rising again, according to AAA. 

The national average for a gallon of gas hit $3.67 on Monday, an increase of four cents compared to two weeks prior, AAA said. The organization noted a lackluster domestic demand for gas, along with decreasing oil prices, has led to the increase.

“The situation overseas with war in both the Middle East and Ukraine has the oil market on edge,” Andrew Gross, AAA spokesperson, said in a statement. “But this is also the time of year we may see a bit of a lull in gasoline demand between the end of spring breaks and ahead of Memorial Day.”

As a result, Gross said the national average for gas “may waffle a bit” with some “small increases, some flat days, and even some price dips.”

The cost of oil reached the upper $80s per barrel with tensions running high over …

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