Gas Prices Remain High as Oil Stocks Rise Today

Tip Ranks
2026.05.16 02:22
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Gas prices are rising again, with the national average at $4.528, influenced by the upcoming Memorial Day weekend. California has the highest prices at $6.142 per gallon, while Texas has the lowest at $3.996. The war in Iran is disrupting oil shipping routes, pushing oil prices to around $100 per barrel. Consequently, oil stocks like Exxon Mobil and Chevron saw gains, with Chevron receiving a Strong Buy consensus rating from analysts.