Why gas prices are near $5 a gallon and how high they'll go

According to the most current measurement from AAA on Wednesday, the average price of a gallon of normal gas in the United States was $4.96.

It was the 12th day in a row that gas had established a new high in America, and the 29th time in the prior 30 days.

Gas is already $5 in many parts of the country.

There are now 16 states with averages of $5 or above, plus Washington, DC. Idaho, Ohio, and Pennsylvania were the most recent states to do so.

California is the most expensive state, with a state average of $6.39 a gallon.

Every state had at least a cent increase in the statewide average, with the exception of Florida, where prices remained largely steady.

And as of Tuesday, 29% of the country's 130,000 gas stations were already charging more than $5 a gallon.

For drivers, the worst is yet to come.

With the summer travel season just getting started, rising demand for gasoline, combined with Russian oil shipments being halted due to the Ukraine conflict, is driving up oil prices on worldwide markets.

According to Tom Kloza, worldwide head of energy analysis for the OPIS, which measures gas prices for AAA, the national average for gasoline could be close to $6 by later this summer.

From June 20 to Labor Day, anything goes "Kloza commented on the high demand for gas as people head out on long-awaited vacations. "People will take vacations come hell or high petrol prices.