Should you be panicking about the rising gas prices?


Gas prices have been falling steadily for almost four months now, but the trend is beginning to turn around – to the despair of the many Americans who were getting accustomed to saving at the pumps.

According to AAA’s daily Fuel Gauge Report, the national average hit its lowest point on Jan. 26 at $2.03 per gallon and has been climbing ever since. By Feb. 5, the average was $2.15 for a gallon of gas, up four cents from the day before.

Some areas have seen a much more dramatic shift. Bay City, Mich. experienced a 29-cent spike in gas prices overnight, and Cincinnati and Columbus, Ohio saw a 22-cent spike in the same timeframe, according to GasBuddy. READ MORE.