Buzz about the possibility of gas costing $5 a gallon this summer caused quite a stir Tuesday, but could prices really spike that high come June?
Average gas prices hovered around $3.39 a gallon nationally Monday — the highest January gas prices ever — up 11 cents this month and almost 30 cents higher than last year’s prices. That’s still a long way off from the $4.11-a-gallon peak the nation saw in July 2008, but analysts point to a variety of economic pressures that could translate into painful prices at the pump.
