Gas prices have finally stopped their relentless, daily rise. The AAA Fuel Gauge figure for a gallon of regular based on a nationwide average was $3.932 yesterday, down a tick from the prior day’s $3.936 and $3.925 a week ago.
Some experts believe that regular gas will not reach much above $4, if there is no catastrophic event in Iran. There are still concerns that the Iranians may try to block the Strait of Hormuz because of an oil embargo, set by the US and EU because of the nation’s arms program.
On the other hand, it is not known whether the Saudis will increase supply further if there is an interruption from elsewhere in the Middle East. In addition, a number of refineries are off–line including some in the US.
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
