More tough times ahead? Gas prices may reach $5 in some places

by an Unemployed White Male on January 19, 2012

in American Culture,Business & Economy,Recession

NEW YORK (CNNMoney) — The new year has greeted Americans with the highest January gas prices ever, and some analysts say prices could get close to $5 a gallon in some areas during the warm-weather driving season.

The average price for a gallon of regular unleaded gasoline in the United States on Monday was $3.39, according to motorist group AAA. That’s nearly 30 cents higher than a year ago.

CNNMoney article can be read here.

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