Gas Prices Expected to Keep Rising
Gas prices have risen for the past 42 consecutive business days and have increased 33 cents in the past month, closing in on the record 54 day streak of consecutive increases set from April 28-June 21, 2009 when the price climbed from $2.05 to $2.69 per gallon — an increase of 64 cents. A gallon of regular gas is averaging $3.97 a gallon in the US. This is an increase of 10 cents from one week ago, and $1.07 increase from one year ago.
In the last week, seven states have seen their average price rise to $4 or more for a gallon of regular gasoline, bringing the total to 13 states plus the District of Columbia at or above the $4 mark: Hawaii, California, Connecticut, Illinois, Alaska, New York, Michigan, Indiana, Ohio, Wisconsin, Rhode Island, West Virginia, Washington state and Washington, D.C. Several analysts are predicting that the majority of states will see $4 a gallon gas by the end of the week.