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Gas prices at 7-year high, $3 per gallon levels here to stay


A price drop below $3.00 might not occur until October

By Breck Dumas


Gas prices have jumped to a 7-year high, above $3.00 per gallon, and these levels may become the norm for drivers all summer long, according to GasBuddy Head of Petroleum Analysis Patrick de Hann.

During an appearance on FOX Business’ “Cavuto: Coast to Coast” Monday, de Hann said that “it may be quite some time” before Americans see gas prices leveling off following the typical summer travel peak around the Fourth of July, with several factors at play that could delay the usual price decline after the driving season.

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