Fluctuated over the weekend gas prices appear poised to resume their seemingly ruthless passage toward a record high milestone of some $3.50 a gallon. Experts forecast gas prices to peak as high as $3.65 within a month
Fluctuated over the weekend gas prices appear poised to resume their seemingly ruthless passage toward a record high milestone of some $3.50 a gallon. Experts forecast gas prices to peak as high as $3.65 within a month.
Oil, at the time, rose to a record settlement and is within striking distance of last week's trading record of $112.21 a barrel as the dollar fell and crude supplies were disrupted in the U.S. and overseas.
At the pump, the national average price of a gallon of gas edged lower overnight to $3.373 a gallon, 0.1 cent shy of a new record set Sunday, according to a survey of stations by AAA and the Oil Price Information Service. Still, prices are 0.8 cent higher than Friday, and almost 53 cents higher than a year ago.
The Energy Department recently predicted gas prices could average as much as $3.60 a month this summer, and said the daily national average could rise as high as $4 a times. Prices are already over $4 in some parts of the country.
But a growing number of analysts don't believe the national average will rise that high unless something unanticipated occurs.
