How high will Gas Go?
Prices for a gallon of regular unleaded gas are topping $4 at more service stations nationwide, with no sign of a cap in sight. With Memorial Day and the normally busy summer travel season coming, gas prices could reach record highs. The government’s Energy Information Administration on Monday put the average price for a gallon of regular gasoline slightly higher at $3.79, up 10.7 cents from the previous week and nearly a dollar higher than the same time last year. Economists are predicting that industries that depend on travel revenue, like recreation and hotel businesses, could feel the pinch over the Memorial Day weekend and during the summer. Click the image to enlarge.
How high do you think gas prices will go?