Summertime Shocker: Gas Could Hit $3 a Gallon

AAA isn't ready to accept predictions of high summertime gasoline prices, despite warning from Oil Price Information Service

Published: 21-Jan-2004

Drivers of SUVs and other gas guzzlers may want to keep their vehicles parked over the summer.

That's because some experts are saying that gas could -- gulp -- hit the $3-a-gallon mark.

"It is not only possible, it is probable," said Fred Rozell, director of gasoline pricing for Oil Price Information Service, which tracks and reports on the oil industry. "In the summer, we consume more gasoline than we produce.

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