Chief Prognosticator

When Will Gas Costs Peak?

Here’s something scary– gas prices in the U.S. have topped $3.10 a gallon average this week. What’s so scary about that aside from the obvious? This is the winter!!! Gas prices are usually cyclical in nature with the highest prices seen in the late summer, coinciding with the U.S. vacation schedule and hurricane season in the Atlantic. So if we are seeing $3.10 a gallon in cold February 2008, imagine what will happen when, not if, gas prices head even higher in the upcoming summer months.