DETROIT – Gas prices are soaring, but just how high will they go?
According to a new report by J.P. Morgan Chase, the national average could reach $6.20 per gallon very soon.
Currently, people are paying about $4.30 per gallon.
If gas reaches $6.20 per gallon, and you average about 20 miles per gallon, a trip from Detroit to Traverse City will cost $79.
If you’re heading out of state, a trip to Pigeon Forge, Tennessee will cost you $170.
If you have a cross-country road trip to the Grand Canyon planned, it’ll cost you around $612.
So, what can you do to help out with what could be a big price jump in the future? Set a budget and prepare immediately.
Watch the video above for the full report.