I was listening to Marketplace on NPR during the commute home from work today. They reported that according to CBS, gas prices at the pump may surge $0.24 a gallon in the next few days. The article says that this is one analyst’s prediction, but that one analyst is getting a lot of press.
When something like that hits the news, it makes it that much easier to gas stations to raise their prices anyway. Upward-looking predictions tend to become a self-fullfilling prophecy.
Expect to pay significantly more at the pump and in the grocery store.