Prices at the pump have surged to their highest level this year on tighter gasoline supplies.
Consumers tend to get a break from steeper fuel costs as peak vacation travel ebbs. But strong demand and a series of refinery outages have pushed the national average retail price to $3.86 per gallon on Tuesday, according to the American Automobile Association—7 percent higher than a month ago. In California and Washington, prices have surged above $5 a gallon.
National retail gasoline prices will average $3.90 a gallon this month, predict analysts at Goldman Sachs.
NTD spoke with Patrick De Haan, head petroleum analyst at GasBuddy, for his thoughts.
