Energy Department Expects Gas Prices To Peak At $3.60 a Gallon, But Could Go Higher

By: AP
By: AP

NEW YORK (AP) - The Energy Department says retail gasoline
prices could climb as high as $4 a gallon this summer. But it says
the high cost of gas will make many Americans think twice about
hitting the road this summer, curbing demand.
The Energy Information Administration says average monthly gas
prices will peak around $3.60 a gallon in June. However, prices
could rise much higher than that at times.
The AAA and the Oil Price Information Service say gas prices
have slipped slightly to a national average of $3.331 a gallon from
Monday's record of $3.339. That's up 55 cents from a year ago.

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