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Why gas prices will continue to rise

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
WGME CBS 13 provides news, sports, weather and local event coverage in the Portland, Maine area including Lewiston, Augusta, Brunswick, Westbrook, Biddeford, Saco, Sanford, South Portland, Kennebunk, Bangor, Freeport, Buxton, Windham, Auburn, Waterville, Scarborough, Gorham, Yarmouth, Standish, Falmouth, Poland, Rockland, Bath.
The video from WGME discusses the reasons behind the continuous rise in gas prices, attributing it to a combination of factors including supply chain issues, the ongoing effects of the pandemic, increased travel demand, inflation, and oil market dynamics. It explains that as economies recover and travel resumes, the demand for gasoline has surged, putting pressure on the supply chain which is still recovering from disruptions caused by the global health crisis. Additionally, inflationary pressures and geopolitical factors affecting oil production contribute to the volatility and upward trend in gas prices. The video suggests that these conditions are likely to persist, leading to further increases in gas prices in the near future.

Read the Full wgme Article at:
[ https://wgme.com/news/videos/why-gas-prices-will-continue-to-rise-supply-chain-pandemic-gasoline-travel-inflation-oil ]