It's Baaaack: $3 Gas Has Returned

Today, the national average for a gallon of regular gasoline has hit $3.00 on the dot, according to AAA. The main reason our summer of relative gas peace has been disrupted is problems at the refinery level. A major refinery in Kansas has been shut down after a flood, and gas prices in the Midwest have shot up in one day. USA Today says “as much as 20 cents in one day,” but one of our editors saw regular gas prices jump from $3.03 Monday to $3.45 this morning.

Analysts say the national price will go above $3 later this week.

Refinery Woes Shoot Gas Prices Up (USA Today)