Unrest in Egypt leads to rising gas prices in South Dakota, nationwide
After some Independence Day relief at the pump, the average price per gallon of gasoline spiked again in South Dakota.
Last week the average price of gasoline in South Dakota was $3.54, according to AAA. This week it spiked to $3.65. It's the highest price since June 25 when prices were $3.64 per gallon.
The national average has risen for nine consecutive days. It is actually 16 cents more than a week ago, $3.64 per gallon, and 24 cents higher than the same day last year.
AAA attributes the recent increase to unrest in Egypt and falling U.S. crude oil inventories. Egypt is not an oil producer but, according to AAA, its proximity to the strategically important Suez Canal and major oil producing nations raises concerns of a potential disruption to supply should violence escalate.
Motorists might feel a pinch at the pump but it's better than the all-time high recorded per price of gas. Tuesday's national average is 47 cents below the all-time high of $4.11 per gallon recorded on July 17, 2008.
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