"Gone are the days of $2-a-gallon gasoline. A spike in crude oil prices has lifted the national average price of gas by 31% over the past year to an average of $2.97 a gallon, according to AAA."
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Trump exits Iran deal: US oil prices topped $70 a barrel earlier this month just as President Trump announced the United States is withdrawing from the Iran nuclear deal."
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Thanks OPEC and Russia: The rebound in oil prices from the crash of 2015-2016 was engineered in large part by OPEC. The oil cartel teamed up with Russia to slash production beginning in early 2017 in a bid to fix a supply glut."
Gas prices are up 31% from last Memorial Day.