Record-breaking gas prices create ‘dire situation’ that won’t get better anytime soon

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Record-breaking gas prices create ‘dire situation’ that won’t get better anytime soon
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The average price for a gallon of gas in Pa. today is $4.3 a gallon.

says, don’t expect the “fast and furious” pace of rising prices to end anytime soon.Yesterday, the average price for a gallon of gas in Pennsylvania was $4.23 a gallon. This morning that price is already up to $4.31. Nationally, the average price yesterday was $4.06. Today it is $4.17 - 11 cents higher overnight.

“In addition to setting a new all-time high, the national average is seeing its largest ever 7-day spike: 49.1 cents per gallon, eclipsing the 49.0 cent weekly rise after Hurricane Katrina in 2005. “It’s a dire situation and won’t improve any time soon. The high prices are likely to stick around for not days or weeks, like they did in 2008, but months. GasBuddy now expects the yearly national average to rise to its highest ever recorded.”reported, “The increase in gas demand and a reduction in total supply contribute to rising pump prices. But, increasing oil prices play a leading role in pushing gas prices higher.

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