Gasoline Prices Jump as Supply Uncertainties Mount
The three-month streak of falling gas prices may be coming to an end after 14 consecutive weeks, as uncertainties regarding crude oil supplies begin to mount.
After declining for 99 days, the national gas average rose slightly, to $3.68 a gallon, on Sept. 21, according to AAA, a sign that fuel costs may begin to rise again.
The sharp decline, after fuel costs peaked above $5 a gallon in June, has recently helped temper overall inflation, making things easier for the Federal Reserve.
Inflation has been an overall challenge for the Fed, which on Sept. 21 announced another large interest rate hike after its policy meeting.
However, some analysts believe that the streak of lower gas prices ended earlier….
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