Retail Gasoline Price Hits New Record High : LUSENET : TB2K spinoff uncensored : One Thread

Monday June 5 5:04 PM ET

Retail Gasoline Price Hits New Record High

WASHINGTON (Reuters) - The national retail price for unleaded gasoline jumped 2.5 cents from last week to a record $1.563, the U.S. Energy Department's statistical agency reported on Monday.

The pump price is up 45 cents a gallon from a year ago, based on the Energy Information Administration's weekly survey of 800 service stations. It is also the highest gasoline price since the EIA began tracking weekly fuel costs a decade ago.

The national price for unleaded gasoline has risen 11 cents over the last month, reflecting high crude oil prices, strong demand for gasoline and concern over low motor fuel inventories.

The current price is way above the peak $1.45 a gallon average the EIA has forecast for the summer driving season. The agency releases a revised forecast on Tuesday that is expected to show higher summer gasoline costs that previously thought.

West Coast drivers continued to pay the most for gasoline, with the price actually down 0.2 cents to $1.585 a gallon. The lower Atlantic states had the cheapest fuel, up 0.7 cents a gallon to $1.46.

-- Observer (, June 06, 2000


Hey, I thought the "experts" on this board have been saying that gas prices are going to go down significantly. WHAZZUP?

-- Question Man (, June 06, 2000.


I thought that all your experts were claiming that it was going to be $3.00 a gallon by now.

-- !!! (WHAZZUP@WIT.DAT), June 06, 2000.


I don't have any experts. I'm just trying to figure out what in the heck is really going to happen next?

Where's Duke?

-- Question Man (!), June 06, 2000.

I thought that all your experts were claiming that it was going to be $3.00 a gallon by now.

We in S.E. wisconsin don't have that much farther to go.

Prices just south of Milwaukee are $2.01 a gallon for regular self serve.

-- Wisconsin Gasoline Prices (are, June 06, 2000.

Well I never pretended to be an expert, but it has been ALL over the news that they are going UP UP and AWAY.

And I for one am tired of hearing how we shouldnt whine about it, as it is still cheap here.

Still glad I own a 4 cylinder. Also, I have said many times I 'believe' interest rates will be double digit by years end.

So far, Its looking pretty good.

No rocket scientist, just closely watching business section of newspaper.

-- consumer (, June 06, 2000.

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