Gas prices in the US are currently averaging $3.85 for a gallon of regular unleaded. As painful as that is, some analysts think prices could increase to $5 per gallon.
If you think gas prices are high right now, some experts are saying ‘just wait’. There are several highly probable factors on the horizon that could drive gas prices even higher. If the dollar continues to weaken, if the violence in the Middle East continues to escalate, if the economy continues to rebound, or if hurricane season is severe this year, gas prices could shoot through the roof.
Five dollar gas is really not that hard to imagine. In some states it actually already exists. Several reports surfaced last week that five dollar gas prices had been seen in several states across the US including Florida, Connecticut and California.