Gas Prices Go Up Following Trump Decision On Nuclear Deal

Wednesday's oil surge brought prices to its highest prices in more than three years, according to CBS News.

Arizona, AZ, May 7- Average retail gasoline prices in Arizona have risen 1.6 cents per gallon in the past week, averaging $2.93/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona.

Michigan's lowest average price was in the Marquette area for the fourth consecutive week, where it was about $2.78 per gallon.

Their national averages are up by about 40 cents compared to past year, right now the average is $2.81 per gallon.

Ohioans could be paying more money at the pump as we get closer to the summer months.

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A gallon of regular gas averages $2.82 across MA, according to figures released Monday by AAA. Among eastern states, only Pennsylvania has an average price that high. He credits summer gasoline now being sold in gas stations. Last week, crude rose more than a dollar, which usually equates to a 2.5 cent increase at the pump.

U.S. President Donald Trump is expected to announce Tuesday afternoon what the government will do with an agreement that lets Iranian oil flow in the market in exchange for commitments from Tehran to scale back its nuclear research program.

National gas prices were also up - the USA daily national average was $2.81 per gallon, up from about $2.29 per gallon a year ago - and it's only expected to increase as we head into the typically more expensive summer driving months. Prices could continue to rise as the summer driving season approaches, unofficially kicking-off Memorial Day weekend.

Local gasoline prices are still lower than last fall, but those spikes were caused by refining and delivery constraints caused by hurricanes Harvey and Irma. The harsher the comments from the President, the more oil prices may rally, while a softer tone may lead oil to give up some of the recent gains. The likely result is another increase in crude oil prices.

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