Gasoline expenses might set record of $491 billion this year

09/13/2011 | Los Angeles Times (tiered subscription model)

Expenses for gasoline this year are expected to reach an all-time high of $491 billion as fuel prices increase steadily and exports cut domestic supply, according to Tom Kloza, chief oil analyst for the Oil Price Information Service. The Department of Energy reported the U.S. average weekly gas price declined 1.3 cents a gallon, to $3.661.

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