Society

Gas Prices Rise to $5 a Gallon in Some Areas, Experts Baffled

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As Americans continue to struggle financially, gas prices continue to climb, especially in the past month.

Across the country, gas prices have been on a steady climb for the past 32 days, reaching past $5.00 in parts of Los Angeles and forcing some people to spend up to 10 percent of their income on gas.

It is a bit confusing as to why prices are rising during a time when drivers avoid long trips due to weather conditions.

The national average for a gallon of gas in America is $3.73, a price two cents higher than a day ago.

It comes during a time when many people are counting their pennies and struggling to make ends meet.

In parts of Los Angeles, a gallon of regular gas costs $5.09, while premium gas can be up to $5.39 a gallon.

Usually, non-hybrid cars get between 20-30 miles per gallon, and most drivers average 29 miles a day. Though it may not be a lot for some, the prices have many worried since gas costs tend to rise during the spring and summer.

CNN Money reports that the gas price increase is complex, and includes a “confluence of factors, from rising crude oil prices, to production cuts and refinery closings.”

And while the recent increase in jobs and the growth in housing markets is a good thing, it actually causes the price of oil to increase as well.

Though many Los Angelenos are glaring angrily at gas price signs, North Dakotans are hurting even more, as fuel takes up more than 10 percent of their income.

The average price for gas in the state is $3.67, but because they make less money than other states, the cost is eating at their wallets even more.

Many are wondering what’s in store for spring and summer, specifically the months of March and April, a time when gas typically increases as car owners start travelling.

(DailyMail)