{"id":34383,"date":"2022-06-03T00:41:26","date_gmt":"2022-06-03T00:41:26","guid":{"rendered":"https:\/\/harchi90.com\/gas-prices-on-the-road-to-5-nationwide-very-soon\/"},"modified":"2022-06-03T00:41:26","modified_gmt":"2022-06-03T00:41:26","slug":"gas-prices-on-the-road-to-5-nationwide-very-soon","status":"publish","type":"post","link":"https:\/\/harchi90.com\/gas-prices-on-the-road-to-5-nationwide-very-soon\/","title":{"rendered":"Gas prices on the road to $ 5 nationwide very soon"},"content":{"rendered":"
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Former Energy Secretary Spencer Abraham weighs in on surging gas prices nationwide on ‘Fox Business Tonight.’<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
There is more bad news for US motorists. The national average retail price for regular gasoline jumped four cents to $ 4.71 per gallon Thursday – yet another record high. <\/p>\n
“After several weeks of soaring gas prices, last week saw prices nationally slow down ahead of Memorial Day, but I’m afraid the good news ends there,” Patrick De Haan, head of petroleum analysis for GasBuddy, said. “As a result of the continued decline in gasoline inventories in recent weeks, wholesale gas prices surged last week, which will likely boost prices at the pump in short order.” <\/p>\n
It’s becoming even more likely that the national average will reach $ 5 per gallon and that could hit as soon as June 17, De Haan projected. <\/p>\n
GAS PRICES WILL SURPASS $ 6 NATIONWIDE BY AUGUST, JPMORGAN SAYS<\/strong><\/p>\n
And that’s not even the worst of it. According to recent JPMorgan research note, prices could surge another 37% by August, hitting a $ 6.20 per gallon national average. <\/p>\n