Gasoline Prices to Jump After Attacks on Saudi Oil Facilities
U.S. gasoline prices will likely jump as soon as this week after crude oil futures spiked nearly 15% following weekend attacks on Saudi Arabian oil facilities, according to a report by the AAA motor club.
On the week, the national gas price average held steady at $2.56 per gallon, but motorists can expect some volatility at the pump in the coming days and weeks, AAA said in a report.
Over the weekend, Saudi Arabia experienced drone attacks on two major oil facilities – including the world’s largest, Abqaiq. The attacks have taken 5.7 million [crude] barrels per day off the market, accounting for about 6% of global supply.
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