Gas Prices Reach Highest Level Since 2014

(Undated) – Gas prices continue to climb as oil prices advance to their highest level in seven years. According to the latest numbers from GasBuddy.com, the current national average is hovering around $3.27 a gallon. That is a seven-cent jump from a week ago and the highest national average price since 2014. Head of Petroleum Analysis, Patrick DeHaan, says the jump is a result of OPEC’s decision not to raise production more than it already agreed to in July. He says that coupled with a continued surge in demand and deep cuts to production from early in the pandemic has motorists spending over $400 million more on gasoline every single day than they were just a year ago. DeHaan says, if Americans can’t slow their appetite for fuels, we’ve got no place for prices to go but up. The current average in Illinois is $3.45 a gallon. It’s $3.27 in Indiana.