What is happening with US gasoline prices?
The United States uses more gasoline than any other nation in the world, and lately Americans have grown concerned about the swift rise in costs at the pump.
The White House on Tuesday announced plans to release millions of barrels of oil from strategic reserves in coordination with other nations in hopes of lowering costs.
The average retail price of gasoline was most recently at $3.40 for a regular gallon, up from roughly $2.11 at this time a year ago. The swift increase – 61 per cent over 12 months – has alarmed consumers.
A projected 48.3 million people are expected to hit the roads over Thanksgiving, according to the American Automobile Association, nearly 4 million more than last year, though still short of 2019 levels.
