"Surging Gas Prices: Will the Trend Continue?"

1 min read
Source: Fox Business
"Surging Gas Prices: Will the Trend Continue?"
Photo: Fox Business
TL;DR Summary

Gas prices have surged to a four-month high due to increased demand and challenges faced by refineries, with the switch from winter to summer gasoline blends adding further costs. The national average for regular gasoline is currently at $3.39 per gallon, and while prices typically peak in June and July before falling, ongoing refinery outages and global supply issues could lead to continued price increases. Energy analyst Phil Flynn warned that if crude oil surpasses $80 a barrel, it could further elevate gasoline prices during the summer driving season.

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