(Bloomberg) -- Americans taking to the highway over
the July Fourth holiday face gasoline prices that are higher
than a year ago and likely to climb further by the end of
summer.
In four of the past five years, the pump price in the U.S.
peaked in late summer or early fall, according to Energy
Department data. Below-normal fuel inventories and the
possibility that hurricanes will disrupt refineries and
pipelines may cause gasoline to top the record set last month,
when prices touched $3.227 a gallon on average nationwide.
Read more at Bloomberg Energy News
the July Fourth holiday face gasoline prices that are higher
than a year ago and likely to climb further by the end of
summer.
In four of the past five years, the pump price in the U.S.
peaked in late summer or early fall, according to Energy
Department data. Below-normal fuel inventories and the
possibility that hurricanes will disrupt refineries and
pipelines may cause gasoline to top the record set last month,
when prices touched $3.227 a gallon on average nationwide.
Read more at Bloomberg Energy News
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