– Gas prices hit more than $5 a GALLON after rising for the past 32 days (Daily Mail, Feb 18, 2013):
- National average for gallon of gas is now $3.73 per gallon
- But in parts of Los Angeles, price leapt to more than $5 per gallon
- Price spike blamed on variety of factors, such as cost of crude and refinery closings
Fuel prices have skyrocketed across the country, with a gallon of gas reaching past $5.00 in some parts of the country. The price of petrol has been continually climbing for the past 32 days, causing many Americans to spend as much as 10 percent of their income on gas.
Experts are puzzled why prices keep ascending, as many drivers tend to shy away from long trips in the winter months due to slick road conditions.