Gasoline prices are expected to reach $3 as a national average for unleaded gasoline this summer, a four year high.
Already expected at four-year highs,gasoline prices could be be especially vulnerable to spikes this summer, with demand at record highs and refineries running full throttle.
Gasoline prices are expected to peak at a national average of around $3 per gallon by the Fourth of July holiday. But with summer driving season officially kicking off on Memorial Day about two weeks from now, the average price of unleaded gas is already at $2.85 a gallon, according to AAA.
Nineteen states are already above the national average, with nine averaging above $3 a gallon, and California heading toward $4 per gallon. Drivers in 25 cities are already paying 70 cents a gallon more than this time last year, according to GasBuddy.com…
Source: cnbc.com