Sunday, April 22, 2007

Gasoline at $4 Is Coming to a Pump Near You, Unfazed by Rising Prices

(Bloomberg) -- Whether it's $50 to fill up your Prius or $130 for the Ford Expedition, $4-a-gallon gasoline is coming to a pump near you.

Fuel prices are rising at a pace not seen since Hurricanes Katrina and Rita knocked out a third of the U.S. oil refining industry in 2005. Gasoline consumption is climbing twice as fast as last year and will accelerate when summer travel begins late next month.


Read more at Bloomberg Currencies News

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