Gas Price Spike Easing, But Prices at the Pump Tick Up

TRENTON, N.J. (AP) -
gas prices

Analysts say the gas price spike appears to be easing, but drivers around the nation are still seeing higher prices at the pump.

AAA Mid-Atlantic says the national average gas price Friday was $2.89, up a penny from the previous week and substantially higher than last year’s national average of $2.81.

AAA expects this summer’s gas prices to be on par with prices last summer, with the year’s highest prices in May. Heading into summer, analysts say factors including supply-demand levels, U.S. production and crude prices will shape the summer forecast.