Gas prices have gone up 29 cents a gallon since December, with an average price of $3.64 a gallon in the Washington area at the time of year when people usually get a break from price increases, according to the Washington Post.
The high price of gasoline could be a problem for President Barack Obama during his re-election campaign, according to the Washington Post. Republicans have said Obama is responsible for the high gas prices because he hasn't given oil companies more freedom to drill for more oil that could result in lower gas prices.
Obama said there aren't any quick fixes for the increasing gas prices that are threatening the economy, according to the Washington Post.
Rising gas prices can put a strain on a family's budget and can decrease or even erase small-business profits, according to the Huffington Post. Business owners are coping with the high gas prices in different ways; some are using GPS devices to keep track of gas usage, while others are moving their manufacturing to Asia.
In 2008, the national average for gas prices reached $4.11 a gallon, according to the Huffington Post. But gas prices are expected to hit $4.25 a gallon by late April. Even if the prices gradually decrease, they're still expected to be expensive for the remainder of the year.
Limousine Connection, a 31-car limousine company in Los Angeles, added a 3 percent fuel surcharge in 2007. That number has climbed to 10 percent, Chris Hundley, who runs the company, told the Huffington Post.
For contracted customers, Hundley waits 30 days and until gas prices have increased by 10 percent before increasing the surcharge. So if prices increase by 8 percent, he doesn't raise the surcharge.
"We are eating it — it's the cost of doing business," Hundley told the Huffington Post.
The rise in gas prices will result in consumers spending more on gas and less on other things, according to the Orlando Sentinel.
"You re-evaluate your life when you're at the pump," Anna Dieuveil, 26, of Orlando, told the Orlando Sentinel. She said she expects to spend less money on going out to eat as she spends more money on gasoline.
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