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Javaman

(62,530 posts)
Fri Jan 20, 2012, 11:38 AM Jan 2012

$4-a-gallon gas likely this spring, analysts say

http://www.cnn.com/2012/01/19/travel/spring-gas-prices/index.html

New York (CNN) -- Get ready to pay $4 or more at the pump this spring: Analysts say gas prices could hit a record high.

Fred Rozell, retail pricing director at Oil Price Information Service, says he expects the national average for a gallon of regular unleaded gasoline to reach $4 to $4.25 per gallon for regular gasoline when the market peaks, sometime in between April and early May.

Patrick DeHaan, senior petroleum analyst for GasBuddy.com, projects the national average could hit between $3.75 and $4.15 at some point in May.

Both predictions indicate that consumers could pay record high prices within the next few months. The all-time high for the national average, according to AAA, stands at $4.11, reached in the summer of 2008.

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