More pain at the pump, as gasoline prices continue to rise.
AAA reports that the average price of a gallon of gasoline in our area is now at about $3.60 a gallon, almost twenty cents higher than last year and more than thirty cents higher than 2012.
Across the commonwealth, the average price for regular unleaded gasoline was about a dime higher than last year in early July, and 28 cents higher than in 2012.
Violence by the militant group known as ISIS (the Islamic State in Iraq and Syria) has continued to expand toward southern Iraq, where the majority of the country’s oil production is located according to AAA, and concerns about that have helped to increase global oil prices.
Previously, AAA predicted that the U.S. national average price of gasoline would fall 10–15 cents per gallon last month, but that obviously didn’t happen.