From CBSlocal.com….
Travel-starved Americans emerging from lockdown may need to budget for $3-a-gallon gasoline on their next road trip.
Prices at the pump are on the rise, driven higher by oil prices hitting $60 per barrel, a surge of economic optimism, restraint from US frackers and unprecedented production cuts by OPEC and Russia. The energy rally has been further boosted by predictions on Wall Street of a new oil “supercycle.”
The national average price of gasoline has climbed 47 straight days to nearly $2.89 per gallon, according to AAA. US drivers haven’t experienced a $3 average price per gallon since 2014, though it came close in 2018 and 2019.
