![]() At least one and up to four of the storms are expected to be a Category 3 or higher. Five to nine of the storms are anticipated to become hurricanes. Although a significant hurricane has yet to hit the U.S., forecasters have predicted between 12 and 18 storms this season. Hurricane season is June through November. ![]() Strong storms heighten prices by disrupting production and causing supply problems. Hurricane season also can negatively impact gas prices. These housing markets to be hit hardest by Fed rate hikeĪnother factor is cuts in the global oil supply after Saudi Arabia announced it would slash production by 1 million barrels per day starting this month.More Americans want electric cars than ever before: Study.Struggling with credit card debt? So are millions of Americans.Texas, Oklahoma, Kansas, Missouri, Arkansas, Louisiana, Kentucky, Tennessee, Alabama and South Carolina were among the states where it was the cheapest. Gas was available at prices below the national average in more than half the country. Gas in Mississippi was cheapest in Chickasaw and Walthall counties, where it could be bought for less than $3 per gallon. The cheapest gallon of gas on Wednesday was available in Mississippi, with the state average price at $3.13 per gallon of regular gasoline, according to AAA. An ongoing rise in gasoline prices could signal worsening inflation despite multiple interest rate increases by the Federal Reserve, the most recent of which took place on Wednesday. ![]() The leap puts the national average for a gallon of regular gasoline at $3.67, just 2 cents shy of the 2023 high set in April. The national average price for a gallon of regular gasoline jumped by 5 cents Wednesday, according to AAA data. An American Automobile Association (AAA) map shows the cheapest states to buy gas as prices at the pump soar. ![]()
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