BELOW SUPERNAV drop zone ⇩

Why $4 per gallon gas this spring isn’t out of the question

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — Don’t look now, but gas prices are heading back up, and GasBuddy predicts the national average could hit $4 again in a couple of months. The price for a gallon of regular is up more than 13% nationally over the past month.

Some states have seen prices increase nearly a dollar per gallon this month alone.

Just six weeks ago, the national average was hovering at around $3 per gallon.

Since bottoming out, gas prices have steadily climbed. The current average is just shy of $3.50 per gallon, and no states are immune from the price hike.

Fifteen states now have averages above $3.50 per gallon, up from just six states last month. And now, not a single state is averaging under $3.10 per gallon.

Industry analysts say it’s not demand fueling the increase, but rather the winter weather.

“It all started in late December thanks to an arctic blast that hit much of the country, all the way down into Texas,” GasBuddy analyst Patrick De Haan told NewsNation affiliate WNCT. “The extremely cold weather caused equipment failures at refineries, so as a result gasoline production was disrupted.”

Warmer weather won’t necessarily mean lower gas prices, though. Prices typically rise in spring as refineries switch to summer-grade gasoline.

GasBuddy says that could mean a return to $4 per gallon gas as soon as March.

De Haan also cautions that a dip in demand is unlikely, even if Americans balk at the rising prices. He says easing COVID-19 policies in China mean more drivers there will be filling up and hitting the road.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Fair

la

60°F Fair Feels like 60°
Wind
3 mph SW
Humidity
60%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 46F. Winds light and variable.
46°F Clear to partly cloudy. Low 46F. Winds light and variable.
Wind
5 mph N
Precip
9%
Sunset
Moon Phase
Waning Gibbous