Gas Prices Climb


If you think three dollars a gallon a gas is high, experts say, brace yourself for even higher prices this summer.

Typically prices don't spike until Memorial Day but lately prices have increased dramatically.

On average Michiana drivers are paying $2.89 a gallon, that's up 43 cents from last month according to AAA.

Economists say it goes back to supply and demand and the only way to lower prices is to create more supply.

“It’s just a simple reality if Americans want lower energy prices we have to willing to invest in the infrastructure to create lower energy prices,” says Professor Thomas Gresik from Notre Dame Economics Department.

Experts say Americans are consuming more gasoline today than they did a year ago.

Some of the blame for high prices goes to supply problems with uncertainty with the oil markets in the Middle East, Africa, and South America.


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