Eight Reasons Gas Will Hit $5 This Year

The web site 24/7 Wall St. reviewed major reasons that gas prices have risen in the past quarter and forecast whether the causes will improve or worsen. They estimate how much each factor could increase gas prices, and come up with a net effect, assuming their assumptions are correct, that could push gas prices up by another $1.50. Average gasoline prices are above $3.50 per gallon on crude oil well over $100 per barrel.

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