The pain at the pump may be subsiding.
Energy analysts tell the Hill that gasoline prices, which have it an average of $3.94/gallon, may have peaked.
But, a report from the federal Energy Information Administration says gas prices may edge above $4/gallon in May.
“What this could potentially mean for motorists is that prices could take a bit of a breather or they might fall,” said Patrick DeHaan, senior petroleum analyst at gasbuddy.com.
“Traditionally, every spring we see prices rise like this,” DeHaan added. “They tend to peak in late spring.”
Ben Brockwell, director of data and pricing at the Oil Price Information Service, said gasoline prices have decreased more in the last five days than any time during the past year.
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