Rising Gas Prices: Causes, Impacts, and Regional Variations

Gas prices in the United States have reached a 10-month high, with the national average price for a gallon of unleaded gasoline at $3.87. The increase is attributed to rising oil costs since June, a slowdown at refineries due to extreme heat, and concerns over hurricane season. If a hurricane hits Gulf refineries, supply could be curtailed, leading to further price increases. Analysts warn that gas prices nearing $4 per gallon could impact budgets and contribute to inflation.