Gas Prices Set to Rise Over March–May Period

Published on March 5, 2024

The trend of rising gas prices is expected to continue over the coming months due to Spring Break and the transition to a higher-grade summer gasoline blend, with experts predicting prices to move closer to $4 per gallon in May. Regular gas prices averaged $3.36 per gallon as of March 5, up by 7 percent from a month back. According to travel membership organization AAA, the upward trend in gas prices is likely to continue ahead. “We’re entering Spring Break season, and, historically, March and April bring higher gas prices as demand rises,” said AAA spokesperson Aixa Diaz. “With milder temperatures come more road trips, and this time of year tends to be a precursor to the summer driving season.” Majority of colleges in the United States are expected to observe Spring Break between March 11 and April 1....