U.S. Gasoline at the Pump May Rise to $3.50 a Gallon by May
This article is for subscribers only.
U.S. gasoline at the pump may rise 13 percent by May as crude oil in New York tops $100 a barrel and a recovering economy boosts fuel demand, according to analysts surveyed by Bloomberg News.
The highest price for regular gasoline this year will be $3.50 a gallon, based on the median estimate of 14 analysts. The motor fuel hasn’t reached that level since Oct. 6, 2008, according to AAA, the nation’s largest motoring organization.