Gas Prices Have Risen Above $2.50

images-24.jpgIt was almost laughable to hear the Energy Information Administration predict just over a month ago that gas prices would average about $2.23 during the peak summer driving months, and that it would max out at $2.30.

Since Memorial Day, fuel prices have steadily climbed, finally reaching $2.51 today, says AAA. Of course, these prices are nothing compared to the $4 per gallon at the same time last year. However, there is concern because we are all now aware of just how fragile the economy really is and the ability for high gas prices to cause tremendous ripple effects.

The average fuel price has risen 44 cents just in the last month, however this doesn’t mean that we are destined to go back to gas at $4 per gallon. Also, it is important to note that all analysts tend to have spotty records when they are trying to predict gas fluctuations.

We never really know what the future of gas prices will be. All motorists can do is protect themselves by purchasing roadside assistance programs in case of an emergency.

Posted on Tuesday, June 2nd, 2009 at 10:06 am In Roadside Assistance Program