Gas prices continue to rise after U.S. pulls out of Iran deal


After a short break, gas prices are on the move again, but probably not in the direction you're hoping for.

The price spiked at several stations to $3.09 a gallon by late afternoon. The lowest prices are found in Orlando and The Villages.

Gasoline prices, which generally follow oil prices, have jumped to a national average of $2.81 a gallon, according to AAA. Areas in California and their current gas price climate: Stockton- $3.58/g, up 7.3 cents per gallon from last week's $3.50/g.

AAA expects drivers across Virginia and the country to continue seeing rising gas prices after the US reimposed sanctions on Iran last week, AAA Tidewater said.

Tulsa- $2.53/g, up 6.1 cents per gallon from last week's $2.47/g.

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Gas prices right now are 53 cents higher than they were the same time past year. Oakland- $3.69/g, up 4.7 cents per gallon from last week's $3.65/g.

Analysts say the gas prices nationwide are close to hitting $3 per gallon for the first time since 2014, when it averaged $3.62.

With those sanctions being re-imposed in the next three to six months, Iran's crude exports are expected to decrease and crude prices are expected to continue to rise thanks to diminishing crude supply. "AAA predicts that the national average may reach $3/gallon this summer, especially if crude oil prices continue to increase".

Consumers with long memories may not think gasoline is that expensive. GasBuddy is available on all mobile platforms.