minnesota, $4.28 a gallon. second only to california by the way. north dakota, $4.20 a gallon. nebraska, $4.05 a gallon. i m here in new jersey. i did speak to drivers who are experiencing rising gas prices in the past week. here s what they had to say. it s really hurting a lot of people s pockets. the economy is bad, there s no work. you can t spend nothing because if you do spend something you got to know what to budget on. it s difficult just surviving out here especially with these gas prices. you can t take your kids anywhere. reporter: and i just spoke to one analyst who said he expects gas prices to continue rising. ate big driving weekend demand does go up but he did say after that good news that gas price will decline in june. zain asher there for us.
dealing with. minnesota $4.28 a gallon. north dakota $4.20 a gallon. also nebraska $4.05 a gallon. i m here in new jersey. average price of it was slightly less, $3.40 a gallon but they have risen in the last week. here s what drivers are saying. it s really hurting a lot of people s pockets. the economy is bad. there s no work out here. you can t spend nothing because you if you do spend something you got to know what you got to budget on. it s difficult to surviving out here weapons these gas prices. you can t take your kids anywhere. reporter: one analyst i spoke to said he expects gas prices to continue rising through memorial day. that s when it usually surges. after that in early june he expect prices to start to decline. let s hold him to that, how about that zain.
paying $3.65 for a gallon of regular gas. in california one of the most expensive gas states, folks are paying $4.05 a gallon. the international monetary fund wants to tack another $1.40 onto each and every gallon of gas you buy. peter barnes with the fox business network is here to explain that one. peter. reporter: hey, jon that s right. the ims is suggesting a dollar 40 a gallon and higher gasoline taxes would reduce carbon emissions and help fix other problems like the budget deficit and traffic congestion in the u.s. it mentions a tax increase in a new global study on energy subsidies and battling climate change. the fix in the u.s. would triple gas taxes and send the price of a gallon of gas to north of $5. in a speech yesterday the imf s second in command david lip ton said, quote, the time has come for subsidy reform and carbon taxation. critics are blasting the report
supply of crude oil are becoming unclogged, we certainly hope we re going to keep on dropping in price. mandy drury, thank you so much. gas prices may be down, but they are still up over $4 in some areas. here are the states with the highest prices. take a look at this. connecticut, number five. $4.05. washington state residents paying $4.08. californians paying about four bucks. in alaska, $4.36. and in hawaii, $4.55, top of the list. [ donovan ] i hit a wall. and i thought i can t do this, it s just too hard. then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn
how high will they go? they could easily break the record that we set in 2008 of $4.11. so, unfortunately, things still going to get worse at the pump. jenna: when diane that would happen? i think the most likely time is in the month of may. anywhere from the first to second week is most likely x then prices will actually start declining as we approach memorial day and turn to june. jenna: so you re actually putting a number on this, patrick, an over/under maybe? what s the number you re looking for? what do you think it s going to hit? well, you know, i think it may play out very close to what we saw last year. we may breach $4 just by a little bit. last year for reference, $3.98 hit in the second week of may. i think we ll just barely breach that, maybe $4.05 by the time prices peak. jenna: so not more than 4.11, right? i m hoping. jenna: okay. no, we had some reports yesterday and the white house came out and dismissed them about potentially the strategic