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Higher Gas Prices Feared This Spring

Higher gas prices are feared this spring when gas consumption increases in the United States. Gas prices have risen for three straight weeks in January, which is unusual since January usually has a lower volume of driving. The Associated Press reports that this year's gas prices are 30 cents above 2004's January prices. Tom Kloza, director of Oil Price Information Service in Lakewood, N.J., told the AP that he expects gasoline prices to "rocket higher in the next 90 days." The AP said Kloza is predicting gas prices to run as high as $2.50 nationally. That would definitely be some very unwelcomed costs for drivers and U.S. businesses.

Posted on February 9, 2005





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