Tuesday, May 15, 2007

EIA: Gas Prices Could Begin To Ease Soon

(Washington, DC) -- Despite record highs at the gas pump, motorists may soon get some relief when they fill up. The U.S. Energy Information Administration says gas price may begin to fall once more refineries come back online to help boost motor fuel and gasoline imports. This comes after yesterday's announcement that the national average for a gallon of regular gas hit three-dollars-ten-cents. The head of the EIA said as refinery productions improve during the rest of May, "gas markets may ease somewhat." He added, however, that gas markets will "remain fairly tight this summer."

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