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8 reasons gasoline prices are going up

MoneyWise Logo By Doug Whiteman of MoneyWise | Slide 1 of 9: It's not your imagination: Gas prices have been rising fast, toward $3 a gallon in many parts of the country and even to an average $4 or more in parts of California. And we're still a ways from seeing the worst of it, because auto club AAA says prices are likely to hit their peak in late May. At this rate, some families could find themselves dipping into their emergency savings to keep their cars fueled. What's pumping up prices at the pump? Click through to see eight reasons you're paying more for your fill-ups.

It's not your imagination

It's not your imagination: Gas prices have been rising fast, toward $3 a gallon in many parts of the country and even to an average $4 or more in parts of California.

And we're still a ways from seeing the worst of it, because auto club AAA says prices are likely to hit their peak in late May. At this rate, some families could find themselves dipping into their emergency savings to keep their cars fueled.

What's pumping up prices at the pump? Click through to see eight reasons you're paying more for your fill-ups.

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