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US: $4 gas could return as soon as May, GasBuddy projects

From cnn.com

Gas prices will probably be significantly cheaper overall next year. Yet the national average could still climb back above the $4-a-gallon threshold as soon as May, according to GasBuddy projections shared exclusively with CNN. The good news is that GasBuddy, an app that tracks fuel prices, doesn’t expect a repeat of this year’s wild swings that at one point sent gas prices above $5 a gallon for the first time ever. That spike set off recession alarm bells, worsened inflation and crushed consumer confidence. The national average for regular gas, a metric closely watched by Wall Street, Main Street and even the White ... (full story)

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  • Category: Fundamental Analysis