"Forecasting the Future: The Continuing Surge of Gas Prices"
Gas prices are on the rise, with the national average for unleaded reaching $3.63, driven by the approaching peak driving season and the switch to more expensive summer gasolines. Experts predict that prices will continue to increase due to routine factors such as refinery maintenance and rising demand, as well as geopolitical factors like the Russian-Ukraine war and Israel's conflict with Hamas. U.S. intelligence suggests that Iran may retaliate for the Israeli attack in Syria, further impacting global energy markets. Defense Secretary Lloyd Austin has warned Ukraine against further attacks on Russian oil refineries, and GasBuddy anticipates gas prices to rise in the West Coast and later in the mid-Atlantic and Northeast states as they transition to summer gasoline.
