September 18, 2019 / By mobanmarket
Prices for gasoline in the United States rose nearly 1.5% Tuesday after weekend drone attacks on Saudi Arabian oil fields, according to energy experts.
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The average national price jumped 3 cents to $2.59 per gallon, per AAA. And in California, average prices jumped 2 cents to hit $3.65 per gallon. Analysts predict a gain of 10 to 25 cents per gallon in the coming days.
While prices near $3 are concerning, though, they aren’t likely to impact the economy the way the $4 price in 2008 did for consumers, as oil prices spiked to more than $100 a barrel.
“We think the market is going to settle by Friday or Monday and correct itself,” Steve Neely, president of fuel supplier Noil Petroleum, said.
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Saudi energy minister, Prince Abdulaziz bin Salman, said during a Tuesday press conference that the kingdom's oil supply is fully back online.
CORRECTION: Gas prices rose about 1.5 percent after weekend drone attacks in Saudi Arabia. The percentage was inaccurate in an earlier version of this story.
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