Prediction; Fuel To Reach $4 Per Gallon

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Prediction; Fuel To Reach $4 Per Gallon

05-17-07
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I see nothing in sight to slow down the increases in gas pricing.
Bill McClure, CEO, Fuel.com

Bill McClure, CEO of Fuel.com, predicts gas prices in certain markets could rise to over $4.00 per gallon in the next few weeks. "I see nothing in sight to slow down the increases in gas pricing," McClure said today.

Fuel.com tracks gas prices nationwide. "We are seeing prices today vary from $3.89 in San Francisco, California to $2.99 per gallon in Miami, Florida," McClure added.

Many factors could drive prices even higher. The uncertainty in the Persian Gulf, refinery capacity problems, the approaching hurricane season, lower gasoline inventory and high consumer demand will all affect summer gas prices.

But, McClure says that, despite high prices, Americans will travel. "It appears even with the record-high price of gasoline, consumers still want to drive and nothing is slowing them down."

RTO Online is the official channel for Rent-to-Own Industry News and the only independent source of news for the rent-to-own, rental-purchase, lease-purchase trade. RTO Online (Rent to Own Online) represents the choice of the entire RTO Industry for trusted information, as it happens.

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