Gas Prices Hit Highest Prices of 2006 http://articles.news.aol.com/business/_a/gas-prices-hit-highest-prices-of-20 06/20060709172209990003
Analysts predict stable or falling prices for the rest of 2006. Talk About It: Post Thoughts NEW YORK (July 9) - Average U.S. retail gasoline prices hit a one-year high on July 7, selling for nearly $3 per gallon for the first time since hurricane damage caused a gas shortage last fall, according to the latest nationwide Lundberg survey. The national average for self-serve regular unleaded gas was $2.9952 on July 7, a spike of about 11 cents per gallon in the past two weeks, according to the survey of about 7,000 gas stations. The July 7 price is 4.79 cents higher than the year's previous peak of $2.9473 per gallon on May 5, survey author Trilby Lundberg said in an interview. A year ago, before last fall's hurricanes hit Gulf Coast refineries, the average price per gallon was 69 cents lower, at $2.3068. Lundberg doesn't expect additional increases, however. "The most likely scenario for the near term would be stability or moderate declines (in prices)," she said. "There's enough gasoline imports to fill up the gap between domestic capacity and our demand, and demand growth is, for the moment, nonexistent. We are halfway through the summer with sufficient supply for our needs." At $3.27 a gallon, Honolulu, Hawaii, had the highest average price for self-serve regular gas, while the lowest price was $2.70 a gallon in Charleston, South Carolina, the survey said. Gregory S. Williams [EMAIL PROTECTED] Reply with a "Thank you" if you liked this post. _____________________________ MEDIANEWS mailing list [email protected] To unsubscribe send an email to: [EMAIL PROTECTED]
