Gas Prices Set to Rise Over March–May Period

Growing gasoline demand amid tighter supplies has contributed to the increase in pump prices, AAA said.

Gas prices are displayed at a Chevron gas station in Los Angeles, Calif., on Feb. 13, 2023. Mario Tama/Getty Images

The trend of rising gas prices is expected to continue over the coming months due to Spring Break and the transition to a higher-grade summer gasoline blend, with experts predicting prices to move closer to $4 per gallon in May.

Regular gas prices averaged $3.36 per gallon as of March 5, up by 7 percent from a month back. According to travel membership organization AAA, the upward trend in gas prices is likely to continue ahead. “We’re entering Spring Break season, and, historically, March and April bring higher gas prices as demand rises,” said AAA spokesperson Aixa Diaz.