Gas prices increase, ending 99 days of decline

"All streaks have to end at some point," a AAA spokesperson said.

Updated: September 21, 2022 - 9:26am

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Gas prices increased Wednesday after declining for 99 days straight, with the national average price for regular gas now $3.68 a gallon.

Prices increased by seven-tenths of a cent after falling for 99 days, according to The New York Times.

The average cost is still down from the all time high of $5.01 in mid-June, according to the American Automobile Association.

The cost of fuel began to significantly increase at the start of the COVID pandemic and have continued to increase when Russia's invasion of Ukraine in late February. 

AAA warns prices could go higher, based on several factors including the Atlantic hurricane season.

"All streaks have to end at some point, and the national average for a gallon of gas has fallen $1.34 since its peak in mid-June," AAA spokesperson Andrew Gross said Monday. "But there are big factors tugging on global oil prices – war, COVID, economic recession and hurricane season. All this uncertainty could push oil prices higher, likely resulting in slightly higher pump prices."

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