MICHAEL KAPPELER, AFP/Getty Images
February 15, 2012
Myth: Gas prices will hit $5 a gallon this summer. Answer: False -- unless Israel or the United States strike Iran's nuclear facilities. AAA Mid-Atlantic calls that the "doomsday scenario," or the Chicken Little, "the-sky-is-falling" mind-set. Although pump prices have already spiked over $4 in some U.S. retail markets, most American consumers will not pay nearly that much for gasoline this spring and summer. Tom Kloza, gas guru for AAA and the Oil Price Information Service, believes U.S. gas prices will average between $3.75 and $4.25 this spring.