Gas Prices Skyrocket Across Country


0  Updated at 7:23 am, February 18th, 2013 By: ABC Digital
Share This Story

(NEW YORK) — Gas prices have shot up by almost 50 cents per gallon in the last month and prices are continuing to skyrocket across the country.

Drivers in California are paying a whopping $5 for a gallon of gas, while the average price nationwide is at $3.71 per gallon, a record for this time of year. Analysts say it’s because of rising oil prices, but they’re not exactly sure why the cost of oil has spiked so quickly.

Some are blaming rising demand overseas, like from China, while others blame refinery maintenance or speculators on Wall Street.  

Copyright 2013 ABC News Radio

Stories You May Be Interested In:

Lead singer of Soundgarden dies while on tour

18 May 2017

Madison Park, Keith Allen and Andreas Preuss, CNN