Why are Gasoline Prices Rising?

2021-05-20T20:50:19+00:00March 23, 2021|

By Mary Hutzler, distinguished senior fellow, Institute for Energy Research (IER) As of March 18, 2021, gasoline prices in the United States are averaging $2.88, 30 percent higher than a year ago.  From an economic standpoint, supply and demand have been mostly responsible for the increases. On the global stage, demand has recovered in China [...]