Gas prices continue to rise - KWWL - Eastern Iowa Breaking News, Weather, Closings

Gas prices continue to rise

Posted: Updated:

CHICAGO (AP) -- The New Year brings a pricier look at the gas pump.

GasBuddy.com says the average price for a gallon of gas nationally is $2.34, and that's about 35 cents more than a year ago.

Oil analyst Patrick DeHaan says the price has jumped 18 cents a gallon over the last few weeks. The rapid rise is all about OPEC's decision to cut output, which means a jump in the price of crude oil.

DeHaan adds motorists can expect to spend anywhere from 25 to 50 cents more at the pump than they did in 2016.

Powered by Frankly