Gas Prices Are at Record Highs. Here's Why They Won't Drop Anytime Soon
We're just pennies away from $5 for a gallon of regular gas, according to the latest data from AAA, which reported the national average at the pump on Tuesday is about $4.92.
Heading into summer, analysts predict even higher prices: According to a report by JPMorgan, the US could surpass $6.20 a gallon by August.
Thirteen states -- Alaska, Arizona, California, Hawaii, Illinois, Indiana, Maine, Massachusetts, Michigan, Nevada, New Jersey, Oregon and Washington -- have already blown past the $5 threshold, with California leading the pack at $6.37 a gallon.