Gas prices more than $3/gallon?

[robertpaulsen]

Gas prices more than $3/gallon?
Analysts predict higher costs for early 2007
By Julia M. Scott, Staff Writer
Article Launched: 12/29/2006 12:00:00 AM PST

Enjoy gas prices under $3 while you can because come February, drivers can expect to take a hammering at the pump, analysts predict.

"Gas is going to go north of $3 on the West Coast quite commonly in 2007," said Tom Kloza, chief oil analyst at Oil Price Information Service.

Prices should fall in January when demand hits rock-bottom, then start climbing around Valentine's Day.

The outlook for 2007 is more harsh than in the past partly because demand continues to rise while refineries that serve California have not increased their output, Kloza said.

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