Gasoline prices near record high

As gasoline prices hit $1.60 per gallon this week in the Kansas City area, Reuters reports:
U.S. retail gasoline prices are likely to hit a record high of about $1.83 per gallon this spring due to tight global supplies, then decline a little in the summer driving months, the government said on Tuesday. . .

The Energy Information Administration predicted the nationwide monthly average pump price will peak at about $1.83 per gallon this spring, then average about $1.74 per gallon throughout the summer months.

"This would be a record in nominal dollar terms and the highest inflation-adjusted summer average since 1985," the EIA said in its monthly supply and demand report. The agency is the statistical arm of the U.S. Energy Department.
Want to save a little at the pump? Try these tips:
  • Carpool or take the bus/transit
  • Combine errands into a single trip; try patronizing a shopping area where you can walk, rather than drive, from one store to the next
  • Walk or ride your bike on short trips near your home.
Short trips--less than 3 miles--give you the worst gas mileage, wear your car's engine the most, and pollute the most. They are also the easiest to replace by walking or bicycling!

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