17 May 2006 21:58 [Source: ICIS news]
HOUSTON (ICIS news)--Driving costs during the US summer vacation season will be higher this year compared to last, regardless of whether retail gasoline prices reach $3/gallon, the Department of Energy said on Wednesday.
The department’s Energy Information Administration (EIA) said with summer gasoline prices projected to average 34 cents/gallon above last year’s average, the average added fuel cost for a 500-mile round trip vacation in a vehicle that averages 20 miles/gallon would be about $8.50. It noted that air fares also are higher.
As of May 15, the EIA’s latest ?xml:namespace>
“Average spot prices for various types of gasoline rose last week, peaking at a level that would suggest the possibility that national average retail prices could continue to rise,” EIA said. “However, a sharp decline in spot prices so far this week in various parts of the country may mean that the
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|