Gas Prices Could Peak at $4 This Summer
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Gas Prices Could Peak at $4 This Summer
| Wed, 04-09-2008 - 8:20pm |
Gas Prices Could Peak at $4 This Summer (MSNBC) http://www.msnbc.msn.com/id/24013419/
Retail gas prices could climb as high as $4 a gallon this summer, but prices at such lofty levels will make many Americans think twice about hitting the road this summer, the Energy Department say. High prices and a weak economy are expected to cut demand for gasoline by about 0.4 percent during the peak summer driving season, the department’s Energy Information Administration said in a monthly report on petroleum supplies and demand. Overall consumption of petroleum products will drop by 90,000 barrels a day this year. Previously, the EIA had projected petroleum consumption would rise by 40,000 barrels a day.



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Mich
I guess my Martin rolls and potato chips will go up in price too. LOL.
Michelle
Mich
Yeah, but I think the philosophy there is "if you can afford to stop for gas in Palo Alto, you can afford $4 a gallon".
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