The case for $3 gas

Some experts say high demand could push pump prices past last year’s highs. Others say relief is in sight.

NEW YORK (CNNMoney.com) — Nearly everyone agrees gasoline prices are headed higher in the next few weeks as Americans start hitting the road ahead of summer driving season.

But whether motorists will again face $3 a gallon at the pump is a matter of some debate.


Fueled by high demand and problems with domestic supply, gasoline prices have already jumped 20 cents over the last two weeks and now average $2.55 a gallon, according to the nationwide Lundberg survey of about 7,000 gas stations.

A number of fires and other accidents at refineries, along with regularly scheduled maintenance and retooling to make cleaner-burning summer gasoline blends, have slowed gasoline production.

CNN/Money