EIA: Import concerns, fuel specs add to gasoline cost

US retail gasoline prices are expected to average $1.76/gal during April-September, about 20¢ higher than for the same period last year, according to US Energy Information Administration projections released Apr. 8.The projection falls far short of the March 1981 all-time high of $2.99/gal, adjusted for inflation and expressed in 2004 dollars. Click here to enlarge image"Gasoline markets are tight as the 2004 driving season begins, and conditions are likely to remain volatile through the summer. High crude oil costs, strong gasoline demand growth, low gasoline inventories, uncertainty about the availability of gasoline imports, high transportation costs, and changes in gasoline spec...

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