The average price of a gallon of regular gasoline in the United States began to rise again in the past week, after falling for nearly 100 days in a row during the summer driving season.
The price on Sunday was $3.417 per gallon, according to AAA.
That makes it five straight days of gains that began Wednesday morning, when the price rose to $3.381[ads1] a gallon from $3.674 the previous day.
The average price once a week was $3,678. A year ago it was $3,188.
GAS PRICES ARE UP FOR THE FIRST TIME IN ALMOST 100 DAYS
Gas hit a high of $5.016 on June 14.
At the time, US crude oil was around $120 a barrel, and the international benchmark price was even higher. Since then, the price of oil – which makes up more than half of what consumers pay at the pump – has fallen.
Oil prices plunged around 5% to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears that rising interest rates will tip major economies into recession.
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US West Texas Intermediate (WTI) crude fell $4.58, or 5.5%, to $78.91.
For the week, WTI was down around 7%, the fourth consecutive week of decline for the benchmarks, the first time this has happened since December.
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It’s not unusual to see wild price swings and oil can be affected during hurricane season with a storm expected to hit the Gulf and Florida coast this week.
FOX Business’ Daniella Genovese contributed to this report.