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Gas Prices Set To Rise

Gas prices keep going up and the average price for a gallon is now over $3 for most of the United States. Summer is peak driving season and the demand for gas goes up.

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Consumers will continue to buy gas because they need it. The prediction is that summer prices will break all records. They already have in California where gas is over $4 in one location.

Oil companies are blaming the necessity of retooling refineries to meet environmental regulations for the low supply that is driving the high prices. But do we really believe that the oil companies are going to dry up on the gas supply?

The AAA warns that prices may rise another 15 to 20 cents before they peak at the end of May.

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