Economic

Gas prices to spike 60 cents or more by May

“Prices could spike another 60 cents or more by May. “I think it’s going to be a chaotic spring, with huge price increases in some places,” says Tom Kloza of the Oil Price Information Service. Kloza expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets.”

(Source: Gas prices to spike 60 cents or more by May – USATODAY.com.)

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