Gas prices’ earliest-ever rise above $3.50 means motorists could pay more than ever this year
(Morning Call file photo)
Why not fill it up?
“I don’t have enough money,” the 18-year-old Allentown resident said Tuesday with an apologetic smile. “It’s not payday yet.”
At the moment, the national average stands at $3.51, up from $3.48 a week ago, according to an AAA report, which gets its figures from prices compiled by the Oil Price Information Service.
The average in Pennsylvania is even higher: $3.63. According to GasBuddy.com, the cheapest gas in the Allentown area as of Tuesday was $3.49, at USA Gas on Tilghman St.
“This definitely sets the stage, potentially, for much higher prices later this year,” said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. “There’s a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon.” More…