Tweet |
Gasoline in US Headed Towards $2.50/Gal.?
Experts blame rising global demand for driving up oil prices.
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.
<< PREVIOUS | NEXT >> |
RELATED NEWS ITEMS
READER COMMENTS
blog comments powered by Disqus