Why Is Gas So Much More Expensive in Some States Than Others?
BP shareholders could see product revenue and earnings take a small hit due to the outage. BP's stock has actually risen about 0.5% since the outage occurred. U.S. gas prices have been rising steadily since the Iran war began about two months ago. The ongoing war is the major reason gas prices are high.
Sources
- https://13wham.com/news/local/local-drivers-feel-pain-at-pump-as-gas-prices-continue-rising-amid-iran-war-united-states-tehran-peace-deal-oil-energy
- https://finance.yahoo.com/markets/commodities/articles/save-money-pump-gas-prices-110000601.html
- https://finance.yahoo.com/sectors/energy/articles/why-indianas-gas-prices-high-203459642.html
- https://finance.yahoo.com/sectors/energy/articles/why-michigans-gas-prices-suddenly-193725369.html