US gasoline stocks seen high at summer's start-EIA


WASHINGTON, Feb 24 (Reuters) - U.S. gasoline inventories should enter the busy summer driving season at 215.8 million barrels at the end of May, 11.4 million barrels higher than a year earlier, the Energy Information Administration said on Thursday. In its weekly review of the oil market, the EIA said it expects gasoline prices will remain high and approach the record of $2.06 a gallon set in May 2004. However, when adjusted for inflation in today's dollars, the highest gasoline price ...

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