/$4.00+ a Gallon Gas This Summer? Here’s How It Could Happen
$4.00+ a Gallon Gas This Summer? Here's How It Could Happen

$4.00+ a Gallon Gas This Summer? Here’s How It Could Happen


$4.00+ a Gallon Gas This Summer? Here's How It Could Happen

by Ethen Kim Lieser | NationalInterest.com

In recent weeks, oil prices have surged to more than $65 a barrel. And gas prices in step already have risen about 35 cents a gallon on average over the past month, according to the AAA motor club—and could reach the much-feared $4 a gallon territory in some states by this summer.
The rise in gasoline prices across the United States has been ramping up in recent weeks, but it appears that industry executives are still reluctant to pump more oil out of the ground.
This is indeed bad news for travelers who want to hit the road on the cheap this spring and summer.
In recent weeks, oil prices have surged to more than $65 a barrel. And gas prices in step already have risen about 35 cents a gallon on average over the past month, according to the AAA motor club—and could reach the much-feared $4 a gallon territory in some states by this summer.
These quickly swelling prices, however, have been anticipated for weeks.
Last month, when the artic freeze was pummeling much of the United States, the fuel price tracking website GasBuddy projected that the national average for gas prices could surge as much as 10 to 20 cents per gallon from the average price of $2.54 per gallon.
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