Are summer gas prices gonna hamper your upgrade plans this summer?

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Report says pump prices could shoot up by about 25 cents a gallon in coming days to new record.


USA Today, quoting energy experts and analysts, reported that a gain of 24 to 28 cents a gallon is possible as stations scramble to keep up with recent increases in oil and wholesale gasoline prices.

An increase of 24 cents a gallon would put the average retail price of a gallon of regular gas at about $2.16 a gallon, according to the Energy Information Agency, the Department of Energy unit that tracks prices. The EIA's survey put the average price at $1.928 in Monday's survey, up 2.3 cents from a week earlier.