According to the Associated Press, just as gasoline prices are starting to drop back down below the $3.00 per gallon mark, big oil companies have announced that they have plans to scale back the production of oil refinery expansions. Such a move could raise gas prices for many years to come.
Analysts say that the move to cut back on refinery expansions could drive gasoline prices as high as $5.00 per gallon over the next few years.
My name is Eric Reynolds and you’ve found your way to my personal blog. It’s mainly another outlet for my Associated Content articles, a company for which I work as a freelance writer. However, I will occasionally post articles here that are exclusive to subnixus. Read the 
[…] subnixus » Blog Archive » Gasoline Could Hit $5 a Gallon Gasoline Could Hit $5 a Gallon Gas PricesAccording to the Associated Press, just as gasoline prices are starting to drop back down below the $3.00 per gallon mark, big oil companies have announced that they have plans to scale back the production of oil refinery expansions. Such a move could raise gas prices for many years to come. Date: Jun 25th, 2007 · Comments RSS · Tags: Gas News […]