UPDATE 1-US gasoline could hit $4 as crude breaks records

Newswire

(Various edits, adds comments from U.S. President George Bush at Thursday news conference in paragraphs 6 and 7) By Rebekah Kebede NEW YORK, Feb 28 (Reuters) - U.S. motorists may face gasoline prices as high as $4 a gallon this summer as crude oil costs smash records, painting a bleak picture for consumers already feeling the pinch of an economic slowdown. Crude oil, the main feedstock refiners use to make fuel, hit an all-time peak over $102 a barrel Thursday, nearly doubling prices ...

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