Prices are going to continue to climb at least for the next couple of weeks. The rise is tied to crude oil prices, $7 a barrel last month amid unrest in egypt. Egypt controls the suez canal, a cruel route for transporting oil. If that country were to descend into a civil war we could potentially see prices to where they peeked in 2008 at $4. 11 a gallon.
That would mean $40 more for most americans to spend on gas. The department of energy says prices will remain higher for the rest of the summer averaging $3.63.
http://abcnews.go.com/WNT/video/summer-bummer-gas-prices-spike-19622302