If you’ve been out and about at all since the beginning of the year, you know how crazy gas prices have been. Gas prices have surged more than 40% since January – and they aren’t done climbing yet.
The reason? Rising oil prices all around the world, a new demand for travel now that restrictions are lightening here in the U.S., and the reopening of more and more businesses.
The current nationwide average for a gallon of gas is $3.13, which is the highest its been in seven years. And with demand for summer travel still high, analysts believe prices will continue to go up through the end of August before finally leveling off in September. But at least we can look forward to the price coming back down in the fall!
It is around $2.80ish around here in Charlotte, but the lowest in the country right now is in Mississippi with $2.75. At least things still aren’t as bad as in 2008, when the national average was a whopping $4.11.
Has the price of gas affected your summer travel plans? Where are you thinking of traveling?