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Tuesday, February 16, 2010 12:45:31 AM
CHART OF THE DAY: Get Ready For $3/Gallon Gasoline This Summer
Joe Weisenthal and Kamelia Angelova | Feb. 15, 2010, 1:29 PM
Here it comes.
After plunging during the deflationary crisis of 2008-2009 average US gas prices have been steadily inching up, and are now in spitting distance of the $3/gallon level.
In fact, in the EIA's own Short-Term Energy Outlook, the government agency predicted that gasoline would hit $3/gallon at some point at various points in the spring and summer.
For the full year, prices are expected to average $2.84 in 2010, and then $2.97 in 2011.
Joe Weisenthal and Kamelia Angelova | Feb. 15, 2010, 1:29 PM
Here it comes.
After plunging during the deflationary crisis of 2008-2009 average US gas prices have been steadily inching up, and are now in spitting distance of the $3/gallon level.
In fact, in the EIA's own Short-Term Energy Outlook, the government agency predicted that gasoline would hit $3/gallon at some point at various points in the spring and summer.
For the full year, prices are expected to average $2.84 in 2010, and then $2.97 in 2011.
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