By Tessa Spencer
CHARLESTON, S.C. (WCIV) -- Gas prices spiked to an all-time high this past President's Day weekend, and commuters are feeling the pinch in their wallets.
Economists predict that as warmer weather creeps in, the price of gasoline will follow suit. They say consumers should be ready to pay prices as high as $5 a gallon for regular unleaded gasoline by Memorial Day.
According to gasbuddy.com senior petroleum analyst Patrick DeHaan, the state of the economy plays a major part in high gas prices.
"If we continue to see these improvements, gas prices will remain at elevated levels," DeHaan said.
Meanwhile, prices at the pump in the Lowcountry are inching towards the $4 mark and business owners and drivers are taking notice.
Click here for a glance at the lowest gas prices in the Lowcountry.