Gas prices are rising to the highest levels since 2014.
gasoline
California, with gas prices topping $4 per gallon, is skewing the national average higher.
GasBuddy’s Patrick DeHaan thinks gas prices will start to drop gradually.
While supply is finally catching up with demand for gas in the U.S., a shortage of truckers to move it is keeping prices sticky.
Citing weeks of federal data showing surging demand, analysts say gas prices could be stuck above $3 per gallon all summer.
Amid warmer weather and looser pandemic restrictions, surging demand for gasoline over the Memorial Day weekend was no surprise.
Gasoline demand is at pre-pandemic levels.
Panic at the pump is adding to the widely reported supply-side pressures.
The Colonial Pipeline meets about half of the East Coast market demand for refined petroleum products.
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