Seeing rising prices at the pump? Clark Howard says it won’t last much longer

ATLANTA — Rising gas prices are at the top of the mind as many people get ready for the summer travel season.

But Channel 2 consumer adviser Clark Howards says the jump at the pump is only temporary.

Howard said at the beginning of the COVID-19 pandemic, oil companies couldn’t give their oil away because everyone was staying home and not going too far.

Now that people are traveling again, that’s going to change.

“We’re driving a lot more. And that’s going to lead to temporary rises in price that are going to go on, I figure, till the Fourth of July,” Howard said. “I think we’re going to have a while of some pain at the pump, then it’s going to settle down.”

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“Nationally, both demand and supply have steadily increased in the past five weeks, but weekly gasoline supply in Georgia are trending less substantial,” Montrae Waiters with the AAA said. “It’s possible the state average could increase in the coming weeks as summer approaches and more drivers take to the roads.””

According to the AAA, the average price of regular gas in Georgia right now is about $2.70 a gallon. A year ago, it was $1.61 a gallon.

“We’re going to see the second half of summer that gasoline prices we got more reasonable,” Howard said. “By fall, we’ll have supply and demand back where they’re supposed to be. And we’re not going to be getting clobbered at the pump.”

A recent survey by the AAA showed over half of Georgians (53%) are comfortable taking a trip. That’s more than a 10% increase compared to their previous survey in January.