Gas prices are expected to increase by as much as 20 cents this summer, hitting a 7-year high

A woman pumps gas at a station in Falls Church

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Gas prices are expected to reach $3.25 by the end of August, according to AAA, which will mark a seven-year high as consumer demand skyrockets and the industry faces supply-chain bottlenecks and production cuts.

The average fuel price in the US is currently $3.14, an eight-cent increase from last month and almost a dollar increase from the average price last year, when quarantining and COVID-related restrictions kept people at home and reduced travel.

“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Jeanette McGee, an AAA spokesperson, in details ⇒

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