Gasoline price may surge when travel picks up

Gasoline prices rose more than 7% in January, which typically is one of the slowest driving months of the year. That’s causing leading experts to predict pump prices may surge past last year’s record highs when highway travel picks up late in the spring. Government figures show that the average price of regular unleaded has risen in each of the last four weeks, jumping from $1.78 at the start of the year to $1.91 a gallon in the week ending Jan. 31. That’s more than 30¢/gallon higher than a year earlier.

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