Gas Prices Expected to Surpass $6 per Gallon Nationwide by August: JPMorgan Analysts

Gas station employees in Gainesville, Fla., say they keep removing stickers from gas pumps that show President Joe Biden pointing to the price gauge with the words "I did that!" but replacement stickers quickly reappear. Nanette Holt/The Epoch Times

The average price for a gallon of regular gas nationwide is expected to exceed $6 by the end of summer 2022, after surpassing $4 per gallon in all 50 states on May 17.

Prices could surge another 37 percent by August to an estimated national average of $6.20 per gallon, according to a note from JPMorgan analysts on May 17.