Experts: $4 a gallon gas coming soon

April 3, 2007
Experts: $4 a gallon gas coming soon

Analysts say that the price reduction should hold during the coming days but won't translate into lower prices at the pump.

Flynn said he believes gasoline prices will head into record territory — currently a nationwide average of $3.07 — by the height of the summer season.

"This is the time of year when we're supposed to be building supplies, but it seems like the refiners just can't get ahead of what has been very, very strong demand," he said.

Today's report shows that the national supply of gas is at the low end of its average range for this time of year, meaning the United States will have less gas in the tank before the peak summer driving season in the coming months.