Thursday, May 24, 2012

 
 
 
 
 
Top energy analyst: Get ready for a "wild" gasoline price spike
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Wednesday, February 08, 2012
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From Newsmax:

Gasoline will hit $4 a gallon in the coming months due to seasonal factors, but some portions of the country could see chaotic spikes much higher, says Tom Kloza, chief analyst for the Oil Price Information Service.

Regular unleaded gasoline now averages $3.48 a gallon, up from $3.12 a year ago and $2.67 in February 2010, USA Today reports.

Prices will climb by $0.60 in May due to seasonal factors.

"I think it's going to be a chaotic spring, with huge price increases in some places," Kloza says, USA Today adds.

Expect a nationwide peak of $4.05 this spring, when...

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