Gas prices rise after White House announces withdrawal from Iran nuclear deal

The last time the statewide average rose above $3 was August of 2015

The last time the statewide average rose above $3 was August of 2015

Gas prices have gone up 17 cents since last month, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio.

Gasoline prices, which generally follow oil prices, have jumped to a national average of $2.81 a gallon, according to AAA.

AAA Oklahoma Spokesperson Leslie Gamble attributes the increase to supply and demand as well as the White House's decision to re-impose sanctions on Iran.

For the first time since late 2014, the price of gas went above $3 a gallon in Branch County Monday.

The entire country has seen gas prices rise in the last week to a national average of $2.87 a gallon after the price of crude oil hit $71 a barrel which is the highest price for crude since 2014. By comparison though, the average price of gas during this time of year in 2013 was $3.42 per gallon. Woodward now averages about $2.60 per gallon.

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"That same barrel this time previous year could've been bought for about 49 dollars", Right points out. About GasBuddy GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline.

Nationally, 36 states are seeing gas prices that are a nickel or more expensive than the previous week. Analysts think chances of that record being broken anytime soon are slim.

In addition to the summer blend of gas costing more to produce, Williams says economic pressures at home and political uncertainty in the Middle East are driving the prices up.

They point out that US oil production capacity is much larger now than a decade ago.

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