Why are gasoline prices so high?
A week’s worth of commuting or a typical weekend get-away trip now costs some Midwest motorists at least $40 more in fuel than it did in June a year ago. The one-dollar surge in the price per gallon of regular unleaded gasoline in some areas already is adversely affecting retail sales, including decisions to purchase large vehicles. According to Detroit-based Comerica Bank, there are four principal factors underpinning the recent acceleration in gasoline prices.
