The price of gas reached a new record high Wednesday. $3.54 is the national average for a gallon of unleaded regular fuel. Motorists in Michiana are paying even more. A gallon of regular will run you $3.64, diesel fuel $4.40 at Phillips 66.
Economists predict prices to spike 25 cents in the next month, and peak around four dollars this summer.
It’s a price that may force motorist to think before they drive.
“I think people are going to think about, ‘Can I carpool? Can I ride my bike to work? Cutting back on this sort of unnecessities.” Grant Black, from IUSB’s Economics Department tells NewsCenter 16.
”I have to watch where I drive around to. I don’t always go to the places I want to go to meet up with other people,” Patrick Harman says.
“I actually got my new car because of the gas prices. I wasn’t getting good enough gas mileage,” St. Mary’s student Paige Onley tells us.
Prices are predicted to spike 25 cents in the next month, and peak around four dollars this summer.
The question lots of motorists are asking: When is it going to stop?
Black says the price should hold right around 4 dollars.
”I think it is getting closer to the upper limits,” Black tells us.
Motorist Patrick Harman isn’t so convinced the end to rising prices is in sight.
”Is it really going to stop at four dollars a gallon? That’s what they say. We’ll see.”