Oil analysts predict the price per barrel will continue to rise in months ahead, but market dynamics in new vehicle sales aren’t expected to change course anytime soon. Trucks and SUVs are expected to continue doing quite well. A recent gasoline price leap in the U.S. national average, up 6 cents to $2.87, is thought to have been driven by the Trump administration’s decision to re-impose sanctions on Iran. “The Administration’s move combined with the switchover to summer blend, growing global demand and shrinking supply continues to fuel pump prices as we approach the summer driving season,” said Jeanette Casselano, AAA spokesperson. “AAA predicts that the national average may reach $3 a gallon this summer, especially if crude oil prices continue to increase.” Growing global oil demand in developing countries is expected to continue. Demand has been climbing in key markets such as China. Brent crude oil prices, considered […]