Gas Expected to Hit $4 Per Gallon This Summer

By Frank Heinz
|  Monday, Apr 18, 2011  |  Updated 8:16 PM CDT
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$4 Gas Expected This Summer

AP

A Valero gas station price board in San Francisco -- April 11, 2011.

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It may be time to bring back our old Pump Patrol message board from a few years ago.

Gas prices are currently averaging $3.79 per gallon in the Metroplex, and many experts expect that average to be closer to $4 per gallon this summer.

Unfortunate drivers in Hawaii, Alaska, California, Illinois, Connecticut, New York and Washington, D.C., are already paying that much.

On average, a gallon of regular gas has increased 29.1 cents in the last month and 96.8 cents from a year ago.

The current national average for a gallon of regular is $3.83. At least we are a little below that here in North Texas.

In Monday trading, the price of oil dropped 2 percent after Standard & Poor's lowered its long-term outlook for U.S. debt, raising concerns about the economy and expectations of cuts in government spending.

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