Welcome to Monday, May 16th, rock and rollers...
Gas prices reached new all-time highs in the U.S. on five consecutive days this week, according to AAA.
Each day from Tuesday through Saturday, gas prices topped the previous record of $4.33 per gallon on March 11th.
AAA Spokesperson said in a statement that decreased global oil supplies and higher consumer demand have driven gas prices:
“With the cost of oil accounting for more than half of the pump price, more expensive oil means more expensive gasoline.”
Are you feeling the financial hit from gas prices reaching record highs?
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