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Sticker Shock: $3.50 Gas By June

By Associated Press

Experts are predicting that gas prices haven't finished their record setting streak. They say prices will continue to climb and that the national average could hit $3.50 a gallon or more by June. Sticker Shock: $3.50 Gas By June

Published: Thu, January 31, 2008 - 9:00 am Last Updated: Thu, January 31, 2008 - 9:02 am

NEW YORK (AP) - Experts are predicting that gas prices haven't
finished their record setting streak.
They say prices will continue their upward climb as refiners and
gas stations switch from winter- to summer-blended fuels.
The price jump at the pump, which could begin as early as
February in Southern California, may push the national average to
$3.50 a gallon or more by June.
Analysts are predicting the spike based on a shortage of the
expensive gasoline additive alkylate (AL'-kuh-layt), known in the
industry as "liquid gold."
Alabama motorists are paying an average of $2.90 a gallon for
regular, according Triple A's daily survey. Nationally, the average
price for regular is $2.98.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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