Motorist around the world are now paying the same price for gas as they did in October 2008. The price of gasoline rose yesterday due to an expected increase in demand; we can all expect spring to be a hard time for drivers when they go to fill up.
Republican America reports that gas prices rose to $2.799 per gallon nationwide, this was an increase of a penny from the day before. Over the past month, the price of a gallon of gas has gone up by 18.9 cents – this is 87.9 cents higher than the same period last year.
Experts are expecting prices to hit $3 per gallon by the spring, but the increase is not all due to high demand – tax has a huge part to play as well. Drivers in the UK will be the hardest hit; they already pay over £5.30 per gallon – that’s over $8 per gallon.
Let us know how much you are paying for a gallon of gas, and what do you think the government should do to stop the rising cost?