abc ^ | 5/4/2011 | MICHAEL MURRAY
Posted on Wednesday, May 04, 2011 6:39:42 PM by tobyhill
In state after state, stunned drivers are pulling into gas stations advertising $4-per-gallon gas. Five states already have record-high gas prices, and another 22 states are within 15 cents of record prices. Economists say that prices may dip to around $3.25 later this year, but that everyone should start getting used to seeing a new digit on gas station price boards.
The U.S. Department of Energy reported late Monday that gasoline prices at the pump averaged $3.96 a gallon nationwide, up a little over 8 cents from a week ago.
"Nationally, gasoline prices have been above $4 for the last week or so," Jamie Webster, a senior manager with PFC Energy, told ABC News. "I would anticipate that staying above $4 a gallon for gasoline, the national average, is probably going to be the case through Memorial Day, and probably a few weeks after that."
(Excerpt) Read more at abcnews.go.com ...
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