Gasoline Tops $5 a Gallon in 13 States as US Nears $6 Summer
New Jersey, Maine and Massachusetts joined the $5 club overnight
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Gasoline reached $5 a gallon or more in over a dozen US states a week into the peak summer travel season, as stockpiles of the fuel remain tight.
New Jersey, Maine and Massachusetts joined the $5 club overnight to bring the US national average pump price to a fresh record of $4.919 a gallon, according to auto club AAA. At this rate, JPMorgan Chase & Co’s prediction of $6.2 gallon gasoline by August seems well within reach.