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Gas prices surged past $3 a gallon, the highest since late 2014, as the Colonial Pipeline shutdown squeezed supplies.
The price rise comes ahead of what is expected to be a busy summer driving season with reopenings and pent-up demand fueling consumer travel.
Mark Tepper, president of Strategic Wealth Partners, does not expect that to derail summer road trips, though.
“If you think about it, a family of four has received over $10,000 from the government over the course of the last year. Come July 1, they’re going to get $300 per month per kid, so you know an extra 100 bucks a month or so that they’ll pay at the pump is really nothing in the grand scheme of things given what’s going on right…
Source cnbc.com
