Gasoline Prices Are Going Up As Supplies Dwindle
Gasoline prices are likely to rise by 10 cents to 15 cents a gallon at the pump by the middle of May, to an average of $1.20 to $1.25 a gallon, according to several energy analysts. The nation's gasoline stocks have fallen to the lowest level in 16 years, and gasoline imports this month remain below normal levels with the summer driving season approaching. As a result, nervous traders have added 8 cents this month to the price of gasoline for May delivery.
