Record gasoline prices predicted this summerFederal report sees $1.74 as nationwide average for summer months Larry Persily Petroleum News Government Affairs Editor
The U.S. Energy Department’s short-term price and production outlook warns of record gasoline prices this summer, oil prices centered near $30 a barrel all year and natural gas likely to average $5.20 per thousand cubic feet for 2004.
None of which is particularly good news for airlines, trucking co....
[additional news subjects in this story]
Forecast assumes OPEC production cut Continued growth in number of gas wells
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