Reports from across America show that average gas prices have risen 11 cents per gallon this past weekend alone.
The projections on this show that U.S. gas prices could exceed $5 a gallon in the coming weeks.
San Francisco hit that mark already last Thursday:
“This is the first time that any U.S. city has hit an average that high.”— Patrick De Haan, Head of GasBuddy, a fuel price saving app
This is some explanation of why it is happening and what you can do about it.
Russia’s impact on gas prices
Gas prices always go up in times of world conflict. Similar spikes in fuel prices occurred at the beginning of the war in Afghanistan. The specifics of this increase are related to the Russia-Ukraine conflict.
Sanction placed on Russia by the United Kingdom and America has a direct impact on Russia’s ability to sell crude oil to either country.
As a result, we have a situation where the U.S. could have gas prices that exceed $5 a gallon.
But what can Americans do about this?
Fighting against the average
How do you fight against the average price of gas going up?
Start off by not being average.
The true definition of being financially stable would mean that economic situations, fluctuations, etc. would not impact you to a devastating degree.
There are all sorts of choices you make every day that keeps you from reaching the next level. I guarantee that the first one is that you’re not doing enough to change your financial situation.
Being average keeps you at risk. The only solution is getting your money right.
I encourage you to do more and be great.
H/T: USA Today
Featured image source: Car and Driver