High US gasoline stocks may avoid price spike-EIA

Newswire

WASHINGTON, Jan 19 (Reuters) - U.S. retail gasoline prices may not spike this spring and summer because motor fuel inventories continue to increase above the average rate for this time of year, the Energy Information Administration said on Wednesday. "While it is too early to be definitive, because gasoline inventories appear better poised early this year to endure any potential supply problems that may occur prior to the start of the peak summer driving season, gasoline consumers may not ...

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