What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.
It is normal for Ethereum gas price to become higher if there are many transactions in the network.
The more transactions to be processed, the more the fees if you want your transaction in top priority.
Another thing might happening such as trading competition, it usually slowing the ETH network.