As the mercury continues to rise nationwide, so does the price of gas here in Eastern North Carolina.
Gas prices right now are 53 cents higher than they were the same time a year ago. The national average has increased 15.4 cents per gallon during the last month and stands 53.8 cents per gallon higher than this day one year ago.
With sanctions expected to be back in place within the next three to six months, Iran's crude exports are forecasted to decrease, pushing oil prices higher, AAA said. With the possibility of Iranian oil being removed from the world's supply, the price of oil shot up last week, and gasoline prices rose along with it. Of course the rising prices will mean more pain at the pump just as the summer driving season is getting underway.
Gas prices could reach $3 per gallon this summer. Late spring and summer travel is expected to be more costly this year as fuel prices touch almost every sector of the economy. A gallon of gas went for $2.34 a year ago.
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Florida's most expensive gas is unfortunately right here in Tallahassee and in West Palm Beach.
The highest average price for regular gas was $4.11, recorded in July 2008.
Statewide, the average for a gallon of gas is almost $3.70.
The AAA analysis shows motorists in 19 states are now paying above the national average for fuel, with nine states seeing average gas prices above the $3 a gallon mark. Should oil prices start to rise too quickly, USA producers will pump more oil.