Prices at the pump are rising fast — and it’s not even spring.
After bottoming at $3.07 a gallon in mid-January, the national average climbed to $3.40 a gallon on Friday, according to AAA. That’s a four-month high.
The speedy price increase threatens to unwind progress on inflation and add to the financial pressure some Americans are feeling. If the trend continues, or even accelerates, it would likely cause major problems for the Federal Reserve’s tentative plan to start cutting interest rates in the coming months. A gas price spike might be
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