Category: Business & Economy

Across the United States, the cost of gas has been a hot topic of conversation lately, as prices reach record-breaking highs. The national average now sits at $5.00 per gallon, and by the end of summer, this figure could grow to $6 per gallon, according to estimates by JPMorgan. But, as Visual Capitalist’s Carmen Ang details, before we can have an understanding of what’s happening at the pump, it’s important to first know what key factors influence gasoline prices.

Demand for American Gold Eagles exploded in May according to the latest data from the US Mint. The mint sold 147,000 ounces of American Gold Eagles in varying denominations totaling 200,500 coins. That was a 67% increase from March. So far this year, the US Mint has sold 661,500 ounces of American Eagles. For the year, gold bullion demand is up a staggering 617%.