Weak demand could push down gasoline prices later this year
By Purchasing Staff -- Purchasing, 6/18/2009 2:00:00 AM
Gasoline prices entered June around $2.50/gallon but analysts predict they will drop soon because demand is very weak. Crude oil prices would need to reach $100/barrel in order for gas prices to climb back to $3/gallon, and the highest wholesale projections for 2009 are $75, says Tom Kloza, chief oil analyst of the Oil Price Information Service in Wall, N.J.
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