Why Are Gas Prices So High May 2024. But the major cause of gasoline price increases, as the earlier data show, has not been inflation. Natural gas prices rise and fall in line.


Why Are Gas Prices So High May 2024

Gas prices have surged higher at the outset of 2024, stressing household budgets and complicating efforts to cool inflation. Wholesale gas prices are determined by how much it costs energy suppliers to buy gas from domestic and international producers.

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