Energy: Pummeled At the Pump

Pummeled At the Pump

Motorists may be getting nervous about the cross-country drives to Walt Disney World or the Grand Canyon that they had planned for this summer. Reason: the price of gasoline is suddenly spurting again. The Government reported last week that the cost of motor fuel rose 3.6% in March. That was the main reason for the .5% jump in the Consumer Price Index, its sharpest monthly increase since January 1984. In another report, the Oil and Gas Journal found that the average price of gasoline in the U.S. climbed 3 cents per gal. in March, to $1.15, which was 10 cents higher...

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