Gasoline in US Headed Towards $2.50/Gal.?

Published: 07-Mar-2005

Talk about highway robbery.

Gasoline prices are about to go through the moon roof, with some experts saying that average prices could go as high as $2.50 a gallon this summer, the peak driving season.

Fuel-watchers say the main culprit is global demand, which briefly pushed the price of a gallon of crude oil as high as $55 a barrel yesterday. That's the highest level since last October - except this time the experts aren't so sure the prices will retreat the way they did in the fall.