Gas Prices Surge to Fresh 7-Year High

Gas prices have surged to a new seven-year high and while some experts predict they’ll come down soon, others expect more pain at the pump if crude oil prices rise.

For the week of Aug. 2, the national average for a gallon of regular gasoline rose by a little over two cents compared to the prior week to $3.159, a seven-year high, according to the U.S. Energy Information Administration.