Gas Prices Rising Across US Once Again

By: CBS
By: CBS

Gas prices have jumped significantly in the past couple of weeks and analysts believe they are only going to go higher.

After a drop in December, gas prices crept higher in January.

But there’s been a major jump in the past couple of weeks.

The national average is now about 3.43 a gallon.

Gas prices usually go up this time of year but analysts believe they will continue to rise.

A recent spike in oil is one reason why.

The other - gas supplies are down because this time of year many refineries partially shutdown for maintenance – to get ready for the busy summer months.

And it may be a while before drivers see some relief.

Prices are expected to peak in May, and then finally start falling back down.

Analysts say another reason for higher prices is political unrest in oil producing countries like Venezuela and South Sudan.


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