November 13, 2007

More pain at the pump may be ahead

A top U.S. forecaster expects gas prices to jump another 20 cents a gallon by December, according to a report in The Wall Street Journal.

Guy Caruso, head of the Energy Information Administration, said gas prices will keep climbing even if crude prices don't because oil refiners haven't passed the recent rise in crude prices on to gas consumers, according to the newspaper.


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