Why Gas Prices May be Set to Spike Again
1 day ago - By Time
Right now, the price to fill up at the pump may not feel all that bad. With the average price of a gallon of gasoline around $3.30 in the U.S. this week, down about $1.50 since its peak last summer, the issue has fallen out of the headlines.
But as China reopens its economy and the Russian war in Ukraine shows no signs of ebbing, analysts are warning that the price of crude oil may rise back above $100/barrel this year. The price at the pump would follow shortly thereafter: in mid July, the last time the U.S. benchmark price for oil hit $100 per barrel, the average price of gas at the pump...
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