If you lived in NJ for awhile you know gas prices will go up this time of year till the 4th of July and level off and go back down in the fall.
They predicted just shy of 3/gallon by peak period.
But to answer your question, the speed of pricing is due to concern of the British hostages in Iran and the possible slow down of oil production. If the wind blows someone farts oil companies raise the price and we will pay.
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