US Drivers Keep Motoring While Gasoline Prices Soar
WASHINGTON - Gasoline prices have surged more than 10 percent in the past month to $2.11 a gallon nationwide, and many experts expect prices to keep rising this spring.
Crude-oil prices, which had been surging, actually fell by more than $2 a barrel Wednesday. If oil continues its overall trend upward, that will put continued pressure on gasoline and diesel prices.
Despite those rising prices, U.S. motorists don't seem deterred. Energy Department figures show that demand for gasoline has risen about 2 percent from a year ago. advertisement
In addition, many energy-intensive companies are prospering in spite of soaring fuel costs, thanks to solid economic growth that has allowed them to pass along higher prices to customers.
|<< PREVIOUS||NEXT >>|
blog comments powered by Disqus