facebook
twitter
rss
account
search
search
 

Analyst: Gas headed toward $3 per gallon

March 8, 2010 at 3:58 PM   |   Comments

NEW YORK, March 8 (UPI) -- U.S. gasoline prices could hit an average of $3 per gallon between April and June, petroleum industry analyst Tom Kloza predicted.

Gas prices rose nearly a nickel in the past week, reaching $2.753 Monday, AAA said.

In the past month, prices have risen about 9 cents.

Kloza, an analyst at Oil Price Information Service, said U.S. motorists were spending $250 million more per day at the gas pump than they were a year ago -- shelling out about $1 billion a day.

"That's a drag on the economy," he said in a New York Times report.

Topics: Tom Kloza
© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russian currency crashes Russian currency crashes
2
Navy tests MQ-8C unmanned helos Navy tests MQ-8C unmanned helos
3
New submarine set for commissioning New submarine set for commissioning
4
SM-6 long-range interceptors on target in U.S. Navy test SM-6 long-range interceptors on target in U.S. Navy test
5
Report: U.S. on path to energy independence Report: U.S. on path to energy independence
Trending News
Around the Web
x
Feedback