This week marked a discouraging milestone for American motorists. The average gas price is now on the wrong side of the $4 mark in every state in the country, an increase that coincides with the start of the busy summer driving season, which kicks off on Memorial Day weekend.
GasBuddy, which tracks fuel pricing, said prices this summer could average $4.80 per gallon from Memorial Day through Labor Day, with the possibility of all-time highs if the Strait of Hormuz remains closed for a significant portion of the summer. The national average could easily exceed $5 later this summer if the war is still going.
