Is it a Danger for the Economy?
You may have noticed that it’s costing you more to fill your gas tank over the last year than it had in previous years. Is it taking a bite out of your wallet?
Drivers across the U.S. have paid as much as $2.96 a gallon on average this year, the most since 2014.
If you live in California, you’re paying an average of $3.63 and in Washington? $3.39.
Experts say that if average gas prices hit $3.50 or even $4 a gallon as global oil prices rise, that could dent growth by eating into disposable income and spending.
Will you be driving less this summer? Will you be doing the “stay-cation” a bit more than usual?