American Gas Prices On The Way Up

Experts say that gas prices have more than likely hit the bottom and the price of gas should be more than $3 a gallon this summer.

Even though prices at the pump normally rise this time of year the increase will annoy many motorists. Prices are climbing even after millions of Americans have lost their jobs but kept their vehicle in the driveway.

What’s making the price go upward isn’t American use though. It’s the crude oil that’s used to create gasoline. Crude is a global product that’s becoming more and more costly as demand grows in other parts of the world. As crude oil prices increases, so does the price per gallon of gas.

A gallon of unleaded is still cheaper than it was a 30 days ago. However, it’s 73.1 cents more expensive than the same time in 2009. Retail gas prices rose for the fifth straight day today to a new national average of $2.648 a gallon.

But motorists should not anticipate a revisit of the 2008 gas prices, where gasoline was above $4 a gallon in parts of the country. Americans simply aren’t burning enough fuel to push prices that high.

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