AAA Says Four Dollar Per Gallon Gasoline Price Unlikely

Chris Graham writes at THE NEW DOMINION:

Here’s some good news from AAA - maybe.
Predictions of $4-a-gallon gas this summer are unlikely, AAA Mid-Atlantic said today.

Wire stories have raised the spectre of $4-a-gallon gasoline, but AAA Mid-Atlantic spokesperson Martha Meade likens the talk to “the Chicken Little factor.”

“We do expect prices could go up before they go down, but we do not expect to reach the average of $3 or $4 a gallon for self-serve regular gasoline,” Meade said today.