Gas in these states now tops $5 a gallon. The rest of the U.S. could soon follow.
CBSN
Gas prices have soared in the past week, jumping 28 cents in just seven days and lifting the national average on Wednesday to a record $4.95 per gallon, according to AAA. In 16 states, the typical gas price has already topped $5 per gallon, and experts say the rest of the nation could soon reach that painful milestone.
The latest surge in fuel costs comes after months of steadily rising prices at the pump, which has hit consumers hard as they also grapple with rising food and housing costs. But there may be no relief in the near-term, according to analysts, given the dynamics driving the startling jump in gas prices.
"Now expecting national average to hit $5/gal by June 10, one week earlier than expected," Patrick De Haan, an analyst for gas-tracking service GasBuddy, tweeted Monday.
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