Gas prices will surpass $6 nationwide by August, JPMorgan says

From Foxbusiness

The average national retail price for a gallon of regular gasoline is projected to surpass $6 by the of summer, according to a recent JPMorgan research note.

On Wednesday, the national average hit another record, reaching $4.56 per gallon, according to AAA. That’s already up nearly 50 cents from a month ago, and $1.52 from this time last year, according to AAA’s recent data.

According to JPMorgan, prices could surge another 37% by August, hitting a $6.20 per gallon national average. 

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