Why Are Gas Prices Rising 2024. But you may not realize that this happens almost every year between january and may. The national average price for a gallon of regular gas eclipsed $3.50 earlier this month, the highest point since october amid rising oil prices and geopolitical conflict, the pace.

Why are gas prices rising? Supporters said the action was needed to shift the state away from dependence on fossil fuels, but opponents said it will trigger higher gas prices.