While most drivers across the United States won’t necessarily see a drastic increase overnight, the price of gas is likely to go up 5 to 15 cents per gallon over the next couple of weeks, according to GasBuddy.
That price could be more dramatic if the situation between Russia and Ukraine escalates, potentially pushing the national average price of gas to over $4 a gallon by Memorial Day.
“If they choose to withhold their oil from the global market, such a move would eventually be reflected in higher gas prices for American drivers,” Gross said. According to GasBuddy, drivers are more likely to see a drastic increase at the pump during a major national disaster, like a hurricane. In this case, they anticipate seeing a gradual increase in price.
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