U.S. Gas Prices Surge Ahead of Summer, Experts Predict Further Increases

Rising oil prices and the switch to summer-grade fuel contribute to the national average reaching $3.50 per gallon.

Gasoline prices in the U.S. have surged more than 12% since the start of the year, reaching a national average of $3.50 per gallon.
Experts warn of further increases in gas prices ahead of the summer driving season, influenced by rising oil prices and the seasonal switch to summer-grade fuel.
Gas prices are higher than a year ago in 26 out of 50 U.S. states, with the West Coast experiencing some of the highest prices.
Recent drone attacks on Russian oil refineries and an upgraded global crude demand outlook have contributed to a spike in oil prices.
The Federal Reserve's interest rate decisions may be influenced by climbing gas prices, raising inflation concerns.