April 18, 2005: Gasoline Prices To Remain High All Summer
WASHINGTON - Contractors can expect gasoline prices to remain high throughout the summer. The price of regular gasoline is projected to average $2.28 per gallon through September, according to the U.S. Department of Energy's (DOE's) Energy Information Administration (EIA).
The EIA's latest "Short Term Energy Outlook" forecasts the highest average cost to occur in May, when regular unleaded gasoline is projected to average $2.35 per gallon. A combination of high crude oil prices and refinery constraints is expected to keep gasoline prices high.