Oil & Gas Prices Expected To Jump This Winter

Gas Oil Prices Cbs Screenshot

Driving a car and heating your home is expected to cost a lot more, especially as the winter approaches.

Gas prices are the highest they’ve been in seven years.

The national average for a gallon of regular unleaded gas is $3.27.

According to GasBuddy.com, the price per gallon nationwide has gone up more than five cents in just the last week.

In some places, utility companies are projecting heating bills up to 50% higher than last year.

The world-wide increase in demand for oil and growing concerns about a colder winter in Europe and Asia means everyone is paying more.

Experts project energy costs will only continue to rise as the weather gets colder.