Gas Prices Surge Across Multiple States Amid Supply Issues

Gasoline prices are rising across various states in the U.S., with New Jersey seeing an increase of 11 cents in just one week, bringing the average to $3.10 per gallon, matched by higher crude oil prices and a leak in the Colonial Pipeline. Tennessee reported a jump of 7.8 cents, averaging $2.77 per gallon, while Pennsylvania experienced a rise of 10.7 cents, averaging $3.36. The national average for gasoline has increased by 6.5 cents, now standing at $3.09 per gallon, with diesel prices also on the rise due to increased heating oil demand amid cold weather. Analysts attribute these price hikes to seasonal trends and elevated oil costs, which account for a significant portion of gas prices. The increase is expected to continue, particularly ahead of Memorial Day, as seasonal demand typically drives prices higher. Experts will be monitoring potential impacts from political developments, including upcoming executive orders from President Trump.