I Just Paid $5 a Gallon for Gas

It was just on May 1 that I wrote an article about having to pay over $4 a gallon for regular gasoline, as a matter of fact, it was $4.10 per gallon. Then on June 6, I wrote that $4 a gallon for regular was everywhere, and the gas station owner predicted $9.50 a gallon near term. Now I just ended up paying $5 a gallon for regular gas [technically it was $4.999] at a Shell (RDS-B) station in California, and it wasn't the gas station in Redwood City that was in the news recently for charging $5 to 'make a statement'. This is a 21% increase in only a month and a half. Talk about a sharp increase in prices. The manager at this station said that the price is going to $6 or $7 by the end of the summer.