Remember when gas was $5 a gallon? Well...
As a result, you can expect pain at the pump to get worse before it gets better.
While gas prices are still down from where they peaked in June, here in Chicago, the average price of regular unleaded — $4.81 per gallon according to Triple-A — is once again starting to push dangerously close to the dreaded $5/gallon mark."We've got the Federal Reserve raising interest rates because inflation's too hot, that could impact demand and slow the economy, so OPEC is using that as justification for a big production cut," said Flynn.
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