US gasoline price relief to be 'limited' this summer, EIA says

US retail gasoline prices are expected to average $1.56/gal during April-September, according to the latest short-term energy outlook released earlier this month by the Energy Information Administration.EIA's projected price is 17¢/gal higher than last summer's average, but in line with average summer prices in 2000 and 2001, it reported. The projection, however, falls far short of the summer 1980 all-time high of $2.77/gal, adjusted for inflation and expressed in 2003 dollars."Because of uncertainties inherent in world oil markets and (US) refinery and distribution systems, prices as (high) as 16¢/gal above or below the projected summer average fall within the 95% confi...

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