From a historical perspective, gas prices in America are very cheap right now. Yet compared to what the average driver was paying at the pump just a few weeks ago, the cost of filling up might seem pretty darn expensive.
The average price for a gallon of regular just crept over $2 nationally. The average as of Thursday is $2.01, marking the first time since early January that it’s been over the $2 mark. Earlier forecasts called for prices below $2 to last until summer, but fuel costs have been on a tear lately, rising 30¢ nationally over the past month.
“Gas prices have increased largely due to seasonal increases in fuel demand and reduced production as some refineries conduct maintenance,” a AAA press release explained this week. For what it’s worth, prices should probably peak soon if the normal trends hold up: “Gas prices tend to reach the highest levels of the year in the spring before the summer driving season,” AAA noted.
Click here to read more about the rising gas prices in America.
