Energy Department Boosts U.S. Gasoline Price Outlook for 2013

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Drivers in the U.S. will pay more at the pump in 2013 than earlier expected, the U.S. Energy Department said.

Regular-grade gasoline will average $3.55 a gallon, up from $3.44 in last month’s forecast, the department’s Energy Information Administration said today in its monthly Short-Term Energy Outlook. Prices in 2012 averaged $3.63 a gallon.