$5 Gas at Exxon Near Watergate

By Megan McGrath
|  Thursday, May 5, 2011  |  Updated 7:46 AM EDT
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$5 Gas Arrives in D.C.

NBCWashington.com

Gas prices were above $5 at the Exxon near the Watergate Hotel Wednesday.

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We're suffering more pain at the pump -- and there's no end in sight.

Gas prices went up another penny overnight to $3.99, and it looks like the national average will hit $4 a gallon some time this week.

According to AAA.com, the national average is $3.99 per gallon. It’s going for $3.99 in Maryland and $3.88 in Virginia.

The D.C. average is listed at $4.16, but at the Exxon gas station by the Watergate Hotel, gas is going for $5.09 per gallon.

That's right, $5.09 per gallon.

In our area, many stations have already crossed the $4 mark. At one Exxon on Route 1 in Crystal City a gallon of regular gasoline is $4.17.

With gas prices so high, many people are leaving the car at home. Demand for gasoline has dropped for the sixth straight week.

The record high for gas -- $4.11 was set back in 2008. Some analysts think $5 gas may be here by summer, but others think we are nearing the peak price.

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