Gas prices skyrocketed last summer, but analysts have hopeful news about this summer's prices.
The national average price for a gallon of gas hit a two-month high Thursday, as gas demand continues to increase heading into the summer while inventories drop, though experts doubt prices will return to their $5 record high recorded last summer.... [+]The national average for a gallon of gas shot up to $3.
Prices are cheapest throughout the southeast, with the lowest prices in Mississippi, where motorists pay $3.02 for a gallon, according to . The second lowest prices, as of Thursday, are in Arkansas , followed by Oklahoma , Kansas and Missouri .Amid speculation gas prices could return to $5 per gallon, Patrick De Haan, chief petroleum analyst with GasBuddy,there’s an “extremely long shot” of that happening, saying there’s a chance the national average might not even reach $4 this summer, despite rising demand and low inventory levels.
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