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Article: Pricey Fuel Sparks Hot Air.
- Article from:
- Kiplinger Business Forecasts
- Article date:
- May 17, 2004
CopyrightCOPYRIGHT 2004 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline:Jim Ostroff
U.S. politicians and key oil producers such as Saudi Arabia agree that oil and gasoline prices are too high. But don't expect either camp to do much about them. The White House and Congress believe that their policy options are severely limited. Lawmakers also figure that prices will drop as the election nears and any disgruntlement among potential voters will have eased in tandem with the price of gas by November. Oil producers, meanwhile, are likely to take symbolic steps toward boosting output that won't actually put more oil on the market.
In the end, motorists nationwide can expect to pay up to $2.25 a gallon on average at the ...