The national average price for a gallon of gasoline in the U.S. increased to $3.31, rising 1.3 cents from a week ago, according to GasBuddy data. This marked the third consecutive week of gains at the pump.
It likely won't be until March, as temperatures rise and spring break nears, that "we'll start to see gasoline demand surge, along with refiners doing maintenance ahead of the summer driving season, creating a squeeze," Patrick De Haan, the head of petroleum at GasBuddy told FOX Business.
As a result, drivers may see a "much more pronounced increase in prices" from March to May, according to De Haan. De Haan projected that there may be an increase of 10 to 20 cents per gallon every month until May, when the national average could hit or even surpass $4 a gallon. Earlier this month, GasBuddy projected that the national average price for a gallon of gasoline could even climb to a high of $4.13 in June.
Although most major U.S. cities could see prices peak around or just short of $4 per gallon, California cities such as San Francisco and Sacramento could see prices climb to over $5 per gallon, according to GasBuddy.
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