The benefit of economic recovery is increased gasoline prices. We should expect to see gas hit $3.00 a gallon or higher by the summer. Pennsylvania has a .31 cents a gallon gas tax. We could actually see prices top $3.00 a gallon.
Any complicating factors like oil production being disrupted by hurricanes or unrest in the Middle East could cause prices to increase further.
This information is according to the US Energy Information Administration. The EIA was created by the Congress in 1977 and is the statistical agency of the U.S. Department of Energy. The EIA is the nation’s premier source of unbiased energy data, analysis and forecasting.
FYI… AccuWeather is predicting an above average hurricane season for 2010 with 2-3 major strikes to the US coastline. Hurricane season begins June 1st and lasts through November 30th.