Pumping up prices
Gasoline prices in the US hit all-time highs in March, and the price is expected to remain high throughout the summer. Kevin Foster looks at the contributing factors
The average price, for the week beginning March 10, is higher than the previous record of $1.71 a gallon set in May 2001, said the Energy Information Administration (EIA) – the statistical arm of the US Department of Energy – in its weekly price report released on March 17.
But the EIA pointed out that in real
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