Expert: Gas Could Hit $4 By Memorial Day
Oil Prices Hit Record High
POSTED: 7:30 am PDT March 11,
2008
UPDATED: 7:40 am PDT March 11,
2008
LAS VEGAS -- With some pumps reporting $3.25 a gallon, a trip to the gas station could break the bank for some people. That price is the highest southern Nevada has ever seen.As it is with supply and demand, the cost per gallon is causing the international cost per barrel to increase -- it hit a record $109 Tuesday.This spike is a drastic increase from last year at this time when the average was $2.65.
Financial experts said gas prices will not be decreasing any time soon and there is a 50 percent chance fuel could cost us $4 a gallon by Memorial Day.
|
|
Copyright 2008 by KVVU.com. The Associated Press contributed to this report. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
