Gas Prices Likely To Stay High

(Undated) – Gas prices will likely keep rising even after the Strait of Hormuz reopens. The U.S. Energy Information Administration said yesterday that restoring full flows of oil through the critical waterway will take months, keeping prices higher until output can return to normal. The agency says it expects gas averages in the U.S. to peak at at least four-dollars and 30 cents a gallon this month.

Triple-A puts today’s nationwide average for a gallon of regular unleaded at four-16, up ten cents from a week ago.