Friday, April 18, 2008

Gas Prices Gwine Up n' Stayin' Up

Tuesday’s Mini-Report
Posted April 8th, 2008

" ... More discouraging news on gas prices: “In the latest bit of bad news for cash-strapped consumers, the Energy Information Administration released its annual report on the outlook for summer fuels Tuesday and predicted that average gasoline prices will shoot up to $3.60 a gallon in June and remain nearly that high into fall. In a report released before a presentation scheduled for 11 a.m., the EIA — the statistical and analytical arm of the Energy Department — says that it expects gasoline prices to peak in June to just over $3.60 a gallon for regular unleaded. The monthly average diesel price is expected to peak at just over $3.90 per gallon this month.”

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