Gasoline could average $3.75 a gallon across the U.S. in a few months, pushing the price in California up and over the $4 mark, energy analysts said Wednesday.
Several factors point toward a nightmarish spring for motorists, they said, including persistently strong crude oil costs and the fact that the traditional December drop in pump prices didn't materialize.
"If anyone expects gas to be less than a new record, they are not thinking," said Fadel Gheit, senior energy analyst for Oppenheimer & Co. "There is no question it will be much higher than last year."
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