The average price for a gallon of regular gas nationwide is expected to exceed $6 by the end of summer 2022, after surpassing $4 per gallon in all 50 states on May 17.
Prices could surge another 37 percent by August to an estimated national average of $6.20 per gallon, according to a note from JPMorgan analysts on May 17.
Californians this week are already paying $6.06 for a gallon for gas, with the rest of the nation set to follow.
The news broke less than two weeks before Memorial Day weekend, the unofficial start of the summer season when Americans will be traveling more.
“The high cost of oil, the key ingredient in gasoline, is driving these high pump prices for consumers,” said Andrew Gross, a AAA spokesperson, on May 16….