This summer, gasoline prices are expected to average a record high of US$1.76 per gallon, according to forecasts released today by the Energy Information Administration in its April “Short-Term Energy Outlook”. High crude oil costs, strong gasoline demand, low gasoline inventories, and more stringent gasoline specifications this year have increased gasoline supply costs and retail…
MARKETS: US EIA sees world oil demand growing by 2.2%, tight markets to keep US gasoline prices high
Posted on April 12, 2004 by EnergyAsia