U.S. sees record gas price soon

From: Lax (lax_at_mon.com)
Date: 03/08/05 

Date: Tue, 08 Mar 2005 18:11:42 GMT

WASHINGTON (Reuters) - U.S. gasoline prices will hit a new record high this
spring, reaching a national monthly average of $2.15 a gallon, the Energy
Information Administration said Tuesday.

During the busy 2005 driving season, which runs from April through
September, gasoline will average $2.10 a gallon, up 20 cents from the same
period last year, the EIA said in its monthly energy forecast.

The current average pump price for regular unleaded gasoline jumped 7.1
cents over the last week to $2 a gallon, up 26 cents from a year ago,
according to an EIA survey of service stations.

The record high U.S. gasoline price was $2.06 a gallon set last May.
However, when adjusted for inflation in today's dollars, the highest price
for gasoline was $3.08 a gallon in March 1981, according to the EIA.

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