Gas prices set new high in 2021 and $ 3.30 per gallon could be next

Prices at the pump hit a new high this week with no signs of slowing down, according to an industry analyst.

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Gas prices in the United States are now around $ 3.21 per gallon across the country, the highest in the past seven years, tweeted Patrick De Haan, head of petroleum analysis for GasBuddy.

De Haan further forecast that gas prices “will continue to climb and potentially eclipse $ 3.30 / gal by the end of the month.”

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De Haan said prices would likely increase in “most parts of the country” over the next two weeks, with the Great Lakes region “likely to feel more pain before other areas.”

Drivers in parts of Michigan, Chicago and Indiana are feeling the pinch, the analyst said.

He also predicted that prices in Ohio are also “likely to increase soon, after Indiana, as wholesale gasoline prices have climbed nearly 30 cents / gal over the past week.” .

Drivers across the country are already seeing an increase. The average price of gasoline in Los Angeles has already hit its highest level, $ 4.42 per gallon, since 2012.

Oil prices jumped on Monday after OPEC and other oil-producing nations maintained their gradual approach to restoring reduced production during the pandemic, agreeing to add just 400,000 barrels per day in November. West Texas Intermediate crude oil hit a seven-year high of $ 79.07 per barrel on Tuesday.

The Associated Press contributed to this report.