EIA: Crude oil and gas prices to remain high

06/12/2008 | CBS News

High gasoline prices are expected to lower demand this summer, but not enough to push the price down, the Energy Information Administration says. The agency predicts that oil prices will average $126 per barrel next year while retail gasoline will average $3.92 per gallon. It expects oil to drop to $86 per barrel in 2010 and bounce back to $107 by 2015.

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