Gas Prices Jump 33 Cents in Past 2 Weeks, Some Analysts See $6 per Gallon by August

The average price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon, according to the Lundberg Survey, which comes as some analysts predict prices will climb above $6 a gallon by the end of the summer.Industry analyst Trilby Lundberg of the Lundberg Survey said on May 22 that the price jump comes amid higher crude oil costs and tight gasoline supplies.
Nationwide, the highest average price for regular-grade gas was in the San Francisco Bay Area, at $6.20 per gallon, according to the survey, while the lowest average was in Tulsa, Oklahoma, at $3.92 per gallon.
Separate data from the American Automobile Association (AAA) showed that, in the week …

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