California Gas Prices
Gas prices at a Shell station on Tuesday in Burbank, California.
  • The average price for a gallon of gas in the US is $3.88 and climbing.
  • Prices typically fall after summer, but supply cuts in Russia and Saudi Arabia are causing a crunch.
  • But there are signs that both supply and demand will bring prices back down in the coming months.

Don't look now, but gas prices are soaring again, and they may keep rising. The good news is that there appears to be some relief coming.

AAA reported this week that the average price for a gallon of gas in the US was $3.88. However, drivers in 11 states are paying more than $4 a gallon on average, including parts of California, where costs can be above $6.