Gas prices continue to rise after USA pulls out of Iran deal

Gas prices rose to $3.09 a gallon at the West Side Shell station at the cover of US 12 and Western Avenue in Coldwater Michigan

Gas prices rose to $3.09 a gallon at the West Side Shell station at the cover of US 12 and Western Avenue in Coldwater Michigan

Late spring and summer travel is expected to be more costly this year as fuel prices touch almost every sector of the economy.

Gasoline prices, which generally follow oil prices, have jumped to a national average of $2.81 a gallon, according to AAA. That means it is renewing sanctions, which include not buying Iranian oil. Oil prices are now at $71 per barrel, the highest since 2014. 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.

Experts fear crude prices may continue to rise as will gas prices but this weeks increase is not expected to be as much.

The state is seeing an average price of $2.60 per gallon.

W.D. Williams with AAA Auto Club says there are several reasons for the increase of gas prices. It now stands at $2.87 per gallon.

Florida's most expensive gas is unfortunately right here in Tallahassee and in West Palm Beach. By comparison though, the average price of gas during this time of year in 2013 was $3.42 per gallon.

- Road trips will cost more this year thanks to higher gas prices. About GasBuddy GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. "Gas prices saw among the larger weekly increases since Hurricane Harvey in the last week as oil prices continued to surge, leading to sharply higher prices at the pump, putting the U.S.in peril of striking the $3/gallon level for the first time since 2014", said Patrick DeHaan, head of petroleum analysis for GasBuddy. Analysts think chances of that record being broken anytime soon are slim.

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