Gas Prices Could Go Higher By Summer
By: Import User
Updated: January 7, 2009
The government says gasoline prices will rise
another nickel a gallon nationwide before the end of June but
return to current levels before fall.
But officials are also warning of possible price spikes,
especially in the Northeast and along the West Coast.
The Energy Department estimated that the average price at the
pump -- one dollar, 78 cents a gallon in the latest survey this
week -- would continue to rise in the coming months, averaging
about one dollar, 81 cents a gallon for the three months ending in
June.
Prices over the April-and-September period were expected to
average a dollar and 76 cents a gallon nationwide, a record high
for the summer driving season and 20 cents a gallon more than last
year.
Posted by Mike Hellgren
