Gas prices rise to levels not seen in more than 3 years
By MEG OLIVER CBS NEWS May 13, 2018, 8:06 PM
SECAUCUS, N.J. -- You may have noticed, gas prices are on the rise and hitting levels not seen in more than three years. Gas prices nationwide are up a nickel in just the last week. That's 20 cents in the last month, according to AAA.
Drivers fueling up in New Jersey are paying just under $3 for a gallon of regular unleaded. "It was $54.16 for 18 gallons, and I just paid $40 for 13 gallons," Damian Woo told CBS News.
In California and Hawaii, gas prices are approaching $3.70 a gallon, nearly a dollar higher than the national average.
"There are 10 states that are at $3 a gallon or above," AAA's Robert Sinclair said
"We're seeing extremely high demand for gasoline," Sinclair said. "With the economy moving along as strongly as it is, there's a lot more work, and with work, comes a lot more transportation."
Sinclair says the steady climb is also due to a diminishing supply of crude oil.
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