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Here’s why gas prices are on the rise | Yahoo News Digest

Gasoline prices are on the rise, even as oil continues to hover around seven-month lows. The average price of a gallon of gas has increased every day for nearly a month, according to AAA. It’s the longest streak since last spring. A 123-day streak of gas price declines began in September and ended in January. Economists cheered along the way, making much of all the money consumers were saving and could spend elsewhere. But even as prices have quietly climbed in recent weeks, they are still relatively low. Consumers are paying about $1.11 less today than they were a year ago. Is the heyday of low gas prices behind us?

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Here’s why gas prices are on the rise.

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