economy
As gas prices surge, consumers search for other savings
The national average for a gallon of gasoline has been ticking up since the start of the war with Iran. In Killeen, Texas, it's up $1.28, which comes to about $90 more every month for Charles Rice to fill up his truck.
TL;DR
- National average gas prices have risen over $1.50 per gallon since the start of the war with Iran, reaching an average of $4.50.
- In Killeen, Texas, gasoline prices have increased by $1.28 per gallon, resulting in an additional $90 monthly expense for truck owners.
- Consumers are seeking more affordable options for other purchases, leading to increased sales of store-branded snacks.
- Convenience store chain Casey's, which offers fuel at lower prices and affordable snacks, expects a 20% jump in store visits during Memorial Day weekend.
- The U.S. Energy Information Administration forecasts retail gas prices to average $3.88 per gallon for the remainder of the year and $3.62 in 2027.