$5 Gas at Exxon Near Watergate - NBC4 Washington

$5 Gas at Exxon Near Watergate



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

    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.