Tuesday, March 22, 2005

Nation's Gas Prices Reach Record High

LOS ANGELES -- Nationwide gas prices soared over 12 cents during the past two weeks to reach a record high and an analyst predicted more sticker shock at the pump in the days ahead.

Prices should continue to rise in the next few weeks on strong demand and supply problems caused by the transition to cleaner-burning gasoline mixtures as summer approaches, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations across the country.

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