Gas Prices Have Increased Now for 27 Straight Days

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27

The Balance

That’s how many days in a row the national average price of gas has increased, as fuel costs ratchet steadily upward and carve an ever-bigger chunk out of motorists’ budgets.

The national average for a gallon of unleaded regular gasoline rose to $3.39, the highest since September 2014, AAA said Monday. Fuel prices, which are causing more and more sticker shock at the pump, are about 20 cents higher than when the streak began on Sept. 29.

However, it’s not even the first or longest streak of gas price increases this year: average prices rose for 47 straight days between February and March. It’s all added up: Monday’s price was $1.23 above the same time last year and 77 cents above the same time in 2019, helping drive a broader trend of higher inflation. “With the U.S. economy slowly recovering from the depths of the pandemic, demand for gas is robust, but the supply is tight,” said Andrew Gross, AAA spokesperson, in a statement. 

The gas price increases are due to that high demand combined with decreased crude oil production, AAA said. 

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