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How lovely… get out of one hole to step into a ditch. Between taxes and gas it’s a tough road ahead.
By Tom Doggett
WASHINGTON (Reuters) – U.S. gasoline prices will hit a new record high this spring, reaching a national monthly average of $2.15 a gallon, the government said on Tuesday.
During the busy 2005 driving season, which runs from April through September, gasoline will average $2.10 a gallon, up 20 cents from the same period last year, the Energy Information Administration said in its monthly energy forecast.
The record high U.S. gasoline price was $2.06 a gallon set last May. However, when adjusted for inflation in today’s dollars, the highest price for gasoline was $3.08 a gallon in March 1981, according to the Energy Department’s analytical arm.