Tuesday, May 20, 2008

Gas Prices & What President Bush Said About Them

The Energy Department recently raised its short-term gasoline price forecast, saying it will peak at a monthly average of about $3.73 a gallon in June, 13 cents higher than its previous forecast. The monthly report from the department's Energy Information Administration also predicted oil prices will average $110 a barrel this year, up $9 from last month.

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