Drivers may see even more pain at the pump

BlueGin

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Jul 10, 2004
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Oh goodie...Can't wait.

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Taking that affordable summer road trip—or just driving around town for errands—might suddenly be a budget buster, due to rising gas prices.

On Monday, the national average for a gallon of regular unleaded gasoline hit $3.61, according to AAA. That's up 14 cents from a week ago, and the largest price spike since February, said AAA spokesman Michael Green.

Worse, analysts expect prices could go even higher, edging up another 5 to 15 cents per gallon before the end of July.

"Crude oil prices are up 10 percent in last three weeks, and gas prices have some catching up to do," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. "When oil prices are up, gasoline is bound to follow."

Drivers may see even more pain at the pump* - NBC News.com
 

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