April 26, 2006
Wallet Pain
Local expert predicts gas prices will hit $4 a gallon this summer
April 26, 2006
Question: How high will gas prices go?Answer: Some experts predict the national average price will go higher than $3.50 a gallon for regular unleaded gasoline. One local economist, Northeastern Illinois University professor Edward Stuart, expects it to hit $4 per gallon this summer.
The average price nationwide for a gallon of regular unleaded now stands at $2.92, according to the American Automobile Association. In Chicago, the average is $2.99. Some stations in the city are charging over $3.25 a gallon, with one charging $3.29. Others in the area are charging as little as $2.85.
$3.039 at the corner gas station across from me.
Posted by Melanie at April 26, 2006 03:18 PM | TrackBackThe cheap spots in the greater Seattle area are now reaching parity with the usual price for gas from everywhere else.
We'll see $3+ out here per gallon before the end of next week at latest - average is around $2.97 right now.
