US gasoline a bargain

07/04/2005
Do high prices suppress demand for gasoline in the US? Apparently they don’t have much effect, as revealed by data from the Energy Information Administration. The latest figures show that motor gasoline demand in the US is up from a year ago.The US average retail price for regular gasoline as of June 20 was 22.4¢/gal higher than it was this time last year, according to EIA.But gasoline is still a great bargain in the US, despite price spikes, says a recent study by John S. Herald Inc. The energy research firm has conducted the gasoline price analysis for the second year in a row and the eighth time in the last 15 years and has always reached the same conclusion.Compared with th...
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