DURHAM, N.C. (WTVD) -- Pain at the pump is quietly creeping back. Gas prices are well over $4.00 a gallon and approaching a new record.
According to AAA, the national average for a gallon of regular is now $4.32. That is up 18 cents from last month and one cent below the all-time high set on March 11.
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Some analysts predict an average price as high as $4.50 a gallon by summer.
The cost of diesel fuel soared to another all-time high this past weekend at $5.53 a gallon on average.
Fuel prices are being pushed higher by increasing demand and rising oil prices due to concern about less Russian oil entering the global market.
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There is one bright spot ahead of a key inflation report this Wednesday.
A leading research firm said they expect inflation to peak this summer between 6-7% and to recede to 3-4% in 2023 with no recession.