Why $4-A-Gallon Gas May Be Coming Your Way This Summer
The price of gas could hit $4 a gallon this summer as the country opens up and demand goes way up.
The oil industry was forced to idle hundreds of rigs and throttle many wells shut, some for good due to the pandemic.
This has led to an oil shortage which isn’t bad right now because many Americans are still working from home.
But in the summer when things open up and demand is much higher, it will lead to a big spike in gas prices.
Some analysts expect that when OPEC and its allies meet again next month, they will allow more production, which could drive down prices.