FOX44 - Burlington / Plattsburgh News, Weather & SportsGas Prices High and Going Higher

Gas Prices High and Going Higher

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Colchester, Vermont - If you have driven a lot this month, you probably feel a serious pinch on your wallet. That is because gas prices are the highest they have ever been this time of year.

On Monday, the average price of a gallon of gas in Vermont was $3.69. That is even higher than the national average of $3.53.

If you thought that was bad, experts say national gas prices could reach $4.25 a gallon by late April.

They say it is a combination of tension in Iran and more demand for gasoline from developing nations.

Then, of course, you add in the fact that the Federal government mandates that refiners produce a more eco-friendly gas for the summer months and that drives up the price even more.

And, if you thought this could hurt your bottom line, listen to this. It could also drastically hurt the national economy. Experts predict it could cost the economy $35 billion if gas prices stay at least 25 cents higher than usual for a full year.

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