Gas prices in Alabama hit another record high

MONTGOMERY, Ala. (WAFF) – The state common for normal gasoline rose to a brand new file of $4.33 a gallon on Wednesday, in line with AAA. That’s up three cents prior to now 24 hours and 4 cents from every week in the past.

Whereas driving round Huntsville in a single day, 48 Information noticed costs as excessive as $4.49 a gallon. It’s essential to keep in mind that the statewide AAA common is often a day behind the precise costs you’re paying on the pump.

Gasoline costs are additionally growing worldwide and in the US. In line with AAA, the nationwide common is at present sitting at $4.67 for normal fuel, which is 5 cents up from Tuesday.

Why are fuel costs growing?

There are a number of components inflicting fuel costs to spike. One predominant purpose is the European Union voted to ban 90% of Russian oil imports to punish them for the warfare in Ukraine. After that vote, crude oil costs went as much as their highest costs since March.

How excessive will the costs go earlier than we hit a restrict? When will they return to an affordable value once more? These are questions that specialists don’t have the solutions to proper now.

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