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WASHINGTON(AP) Gasoline prices probably will jump an additional 15 cents this spring and remain well above $2 a gallon through the heavy driving season, forecasters say.
There's also little relief in sight for crude oil prices, which are pushing gasoline costs higher. Crude prices probably will remain "near the high to mid-$40" a barrel range well into 2006, the Energy Department's Energy Information Administration said Tuesday.
Regular gasoline averaged $2 a gallon last week, 26 cents higher than a year ago, and crude prices have been above $50 a barrel, briefly surpassing $55 a barrel last week.
While the EIA expects prices to ease off from the currently high levels, it noted that oil prices are highly sensitive to market pressures and "imbalances, real or perceived, ... could cause light crude oil prices to increase well above $50 per barrel as has recently occurred."
Some analysts have suggested crude could surpass $60 a barrel in the coming weeks and stay high for some time because of growing global demand and the limited ability of producers to easily expand production.
The report said motorists are likely to see increasing pump prices in 2005, with regular gasoline expected to average about $2.10 a gallon nationwide during the heavy driving season from April through September. That's one-fifth higher than last year.
Prices are likely to average about $2.15 a gallon by spring and early summer, despite adequate fuel inventories.
Many consumers will face the higher gasoline costs even as they may still be trying to pay off winter heating bills. A relatively mild winter has tempered the demand for heating oil, natural gas and propane.
But the EIA said the high cost of fuel has forced average heating bills 10 percent (for natural gas) to 29 percent (for heating oil) higher than last winter. Propane users have seen a 17 percent jump in heating costs.
The EIA report said tight supply of oil worldwide is putting upward pressure on energy prices, although members of the Organization of Petroleum Exporting Countries increased production by 630,000 barrels a day in February.
WASHINGTON(AP) Gasoline prices probably will jump an additional 15 cents this spring and remain well above $2 a gallon through the heavy driving season, forecasters say.
There's also little relief in sight for crude oil prices, which are pushing gasoline costs higher. Crude prices probably will remain "near the high to mid-$40" a barrel range well into 2006, the Energy Department's Energy Information Administration said Tuesday.
Regular gasoline averaged $2 a gallon last week, 26 cents higher than a year ago, and crude prices have been above $50 a barrel, briefly surpassing $55 a barrel last week.
While the EIA expects prices to ease off from the currently high levels, it noted that oil prices are highly sensitive to market pressures and "imbalances, real or perceived, ... could cause light crude oil prices to increase well above $50 per barrel as has recently occurred."
Some analysts have suggested crude could surpass $60 a barrel in the coming weeks and stay high for some time because of growing global demand and the limited ability of producers to easily expand production.
The report said motorists are likely to see increasing pump prices in 2005, with regular gasoline expected to average about $2.10 a gallon nationwide during the heavy driving season from April through September. That's one-fifth higher than last year.
Prices are likely to average about $2.15 a gallon by spring and early summer, despite adequate fuel inventories.
Many consumers will face the higher gasoline costs even as they may still be trying to pay off winter heating bills. A relatively mild winter has tempered the demand for heating oil, natural gas and propane.
But the EIA said the high cost of fuel has forced average heating bills 10 percent (for natural gas) to 29 percent (for heating oil) higher than last winter. Propane users have seen a 17 percent jump in heating costs.
The EIA report said tight supply of oil worldwide is putting upward pressure on energy prices, although members of the Organization of Petroleum Exporting Countries increased production by 630,000 barrels a day in February.