In case you haven’t noticed by now: gas prices are pretty high. And, according to a Fortune article, that’s not likely to improve any time soon.
Rising oil prices are expected to translate into higher gas prices this summer, according to projections made by private analysts and the U.S. Energy Information Administration.
The average gas price in the U.S. is about 42.81 per gallon. That’s up from $2.39 a gallon last year, according to the Oil Price Information Service. Last summer, gas prices averaged about $2.41 a gallon. But this year, the EIA estimates drivers will pay closer to $2.74.
“This will be the most expensive driving season since 2014,” Tom Kloza, global head of energy analysis for Oil Price Information Service told the AP.
Still, there’s some good news. Kloza said while prices might get high, he doesn’t think the U.S. will see “apocalyptic numbers” at the pump.