Gas prices are rising again nationwide, with the average currently at $3.63 per gallon, according to AAA. Experts attribute the unexpected increase in last month's inflation to rising gas prices and housing costs, which drove over half of the 3.5% year-over-year rise in the consumer price index. Summer gasoline and refinery maintenance are factors, while geopolitics also impact oil prices. Global market uncertainty stems from events like the Ukraine war and Mideast tensions.
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00:00 It's Benzinga and here's what's on the block.
00:02 Gas prices are rising again nationwide with the average currently at $3.63 per gallon,
00:08 according to AAA. Experts attribute the unexpected increase in last month's inflation to rising gas
00:13 prices and housing costs, which together drove over half the 3.5% year-over-year rise in the
00:19 consumer price index. Summer gasoline and refinery maintenance are factors, while geopolitics also
00:25 impact oil prices. Global market uncertainty stems from events like the Ukraine war and
00:29 Mideast tensions. Rising demand and the peak driving season outlook point to further pump
00:34 price hikes. For all things money visit Benzinga.com