(CBS) — The rising cost of crude oil is causing gas prices to go up nationwide, and Chicago could soon see it hit over $3 a gallon.

Patrick DeHaan senior petroleum analyst for GasBuddy.com says crude oil has gone up from $43 a barrel to $61 a barrel due to a slight decrease in production.

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“I think that the market is overcompensating, meaning that all the bulls are rushing back into the market looking for an opportunity to buy low and sell high and I think it’s a bit overdone,” DeHann said. “I do believe that oil prices will top out here in the next few weeks.”

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Dehaan says the Chicago area could see prices go over $3 a gallon in the next few weeks.

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But he says he expects this summer to have some of the lowest gas prices seen in the last five years during the peak travel time.