WASHINTON - The U.S. Department of Energy is forecasting a gentle ride for gasoline prices this year, with price peaks this spring probably not too far above $2 per gallon. Probably.
"Regular-grade gasoline prices, which averaged $3.26 per gallon in 2008, are projected to average $1.96 per gallon in 2009 and $2.18 per gallon in 2010, the DOE's Energy Information Administration said Tuesday in its March "Short Term Energy Outlook."
But even the Feds can't guarantee there won't be a few bad days at the pumps.
"It remains possible that weekly prices could rise significantly higher at some point this spring or summer," the report warns.
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