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Gas price surge tests drivers as demand stays high
Analysts say consumers will largely absorb high pump costs this summer with fuel demand remaining strong. AAA projects Memorial Day travel and a 1.6 percent annual rise in U.S. gasoline use, while surveys show only 3 to 9 percent would cut driving or buy more fuel efficient cars at various price levels. Industry sees hybrid tech and aging population temper long term demand.
MENTIONED IN THIS ARTICLE
E Beach
Dermot Gately
York University
AAA
Memorial Ay
U.S
Holly Mistine
Los Angeles
Mistine
Ian Devers
Superior Toyota
Merriam
Kan
Devers
AutoData Corp
Woodcliff Lake
N.J
CNW Marketing Research
Brandon
Ore
Bill Veno
Cambridge Energy Research Associates
Cambridge, Mass
Veno
Energy Department
Govern
Gately
NYU
Doug Craig
Spotsylvania County
Wal-Mart
Craig