Pump prices are anticipated to rise this week in light of geopolitical tensions in the Middle East, according to AAA, The Auto Club Group. The conflict in Syria sent crude prices to their highest point in more than three years, and as a result, motorists are about to feel the pain at the gas pump.
The national average price for gasoline is the highest in more than two years. Sunday’s average of $2.71 is the highest since July 2015. Georgia’s gas prices are the most expensive since last September, when prices were recovering from Hurricane Irma. Sunday’s state average of $2.64 is six cents more than last week and 35 cents more than this time last year.
Mark Jenkins, AAA Spokesman, attests, “Motorists should expect a 15 cent increase at the pump in the short term. However, prices could rise even more, depending on how the crude market responds to the latest news of a United States missile strike over the weekend.”
Crude prices are climbing due to the potential of US sanctions against Syria’s sponsors, Russia and Iran. Syria has not exported oil since civil war broke out in 2011. However, the country receives fuel deliveries from Iran.
Fuel prices are once again vulnerable to conflict in the Middle East because global supplies are tightening.
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