Gas Prices Jump Nationwide

Above, the rest of the country will be soon seeing these prices.

Looks like the price of gasoline is jumping higher.

According to ABC News, the country will be seeing $4/gallon at the pump soon. We in California already are paying over $4/gallon and have for several weeks. The rest of the country is catching up.

ABC News posted:

The average price for a gallon of gas in the U.S. is now within a dime of $4.

Drivers in 22 states are paying more than the national average of $3.91 per gallon. In Alaska, California and Connecticut they're paying $4.20 or more.

With one day left in April, gas prices are up 30 cents for the month. On average, the increase has been slightly more than a penny per day. At that rate, the national average for gas would reach $4 on Sunday, May 8. In 2008, when gas hit a record of $4.11 per gallon in July, it didn't cost $4 until June 8.

Analysts predict gas prices will actually start falling toward the end of May, as refineries increase production and more gas becomes available. That remains to be seen: Many analysts failed to predict the prices drivers are paying now, caught off-guard by surging oil prices.

And, they state the reason:

The main reason gas is up is the high price of oil. It rose again Friday, boosted by a weaker dollar. The dollar hit a three-year low against six major currencies. Since oil and other commodities are priced in dollars, they become more attractive to buyers with other currencies and prices rise.

Benchmark crude for June delivery rose $1.07 to settle at $113.93 a barrel on the New York Mercantile Exchange.

We can all thank President Obama, Sen. Harry Reid and Rep. Nancy Pelosi for the dollar's loss in value due to their $14+ trillion spending spree and the Obama Administration's oil drilling policies.

How's that hope and change working out for you?

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