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The national average price per gallon of gasoline rose 12 cents over the past week to $3.91 on Monday, according to AAA data, buoyed by strong demand and supply shortfalls.

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AAA reports that OPEC+’s recent announcement that a group of oil-producing countries will cut production by 2 million barrels a day has sent the price of oil above $90 a barrel for the first time in weeks, fueling refueling costs. .

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However, AAA points to other factors that also play a role.

AMERICANS SHOULD PREPARE FOR RISE GAS PRICES, ANALYST WARN

Some regions in the US have also been hit harder than others by refinery outages, after supplies on the West Coast were severely curtailed by recent maintenance on half a dozen refineries. The Upper Midwest also saw a spike in pump prices following a deadly fire at an oil refinery in Toledo, Ohio.

“California gas prices are finally coming down as more refineries reopen after maintenance and a switch to cheaper winter blends is taking effect,” AAA spokesman Andrew Gross said in a statement to FOX Business.

“High gas prices on the West Coast have played a major role in the recent rise in the national average,” Gross continued. “Reversing this trend could help ease the pressure on pump prices.”

OIL INDUSTRY REGULATION INCREASES THE PRICE OF GAS PUMPS: PHIL FLYNN

Meanwhile, domestic demand has picked up as more drivers filled up with fuel last week.

gas pump

The country’s gas demand increased from 8.83 million barrels per day to 9.47 million last week, according to new data from the Energy Information Administration. At the same time, total domestic gasoline inventories fell significantly by 4.7 million barrels to 207.5 million barrels.

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Today’s national average is $3.91, up 19 cents from a month ago and 65 cents from a year ago.