Rising Gas Prices: A Yearly Trendby Tim Manni
Gas prices have been increasing steadily for the last couple of weeks as we approach the inaugural weekend of the “driving season”. You don’t have to be an expert to know that the summer driving season brings more than just congested highways. While the cost of gasoline is certainly escalating, we’re far from the record-setting prices of last summer:
But while pump prices have increased nearly 17% over the last 24 days, and are likely to go even higher over the coming weeks, experts don’t foresee anything like the record levels of 2008.
“An overall increase is not abnormal for this time of year,” said Bob van der Valk, a fuel-pricing analyst with 4Refuel Inc. in Lynnwood, Wash. “It will follow a similar trend, just starting at a lower price than 2008 did.”
With the average price of gasoline at $2.39 — compared to $3.83 last year — AAA expects 27 million Americans to hit the road this holiday weekend, a 2.7% increase from 2008.
Drive safe America, and enjoy the holiday!
Also, be sure to check out the Dolan’s 12 Cheap Ways to Have Fun This Summer.