energy information administration short term outlook may 2004 1 summer gasoline update figures to 3 higher crude oil prices and rapid increases in mid spring spot for have induced an upward shift the forecast pump this month s we now expect national average regular be about 94 april through september a significant rise over 76 per gallon projected june price is expected peak at 2 03 according new trajectory compared of 82 last change reflects increased pressure on markets since example west texas intermediate wti which was 35 barrel first six trading days reached 39 during comparable period increase approximately 10 cents actual between early week
