"Survey (Lundberg) : Gasoline prices surge 17 cents"

[TexasLawyer]

Ms. Lundberg opines: "The end of the price run-up at the pump, I believe, is very near." Any thoughts on this?

Survey: Gasoline prices surge 17 cents
Lundberg says national average rises to $2.67 a gallon, but price run-up may be ending.
April 9, 2006: 4:37 PM EDT

ATLANTA (CNN) - Gas prices shot up another 17 cents per gallon over the past two weeks to a national average of $2.67, a survey said Sunday. Since Feb. 24, the average price of a gallon of self-serve unleaded has risen 42 cents, said Trilby Lundberg, publisher of the Lundberg Survey, which tallied prices March 24 and April 7 for its latest survey.

"Some of the pump price surge comes from higher crude-oil prices, but most is the new fuel specifications resulting from energy-bill provisions and EPA regulations," she told CNN. Work to complete repair of damage to refineries caused by last year's hurricanes and the work needed to comply with the 2006 fuel requirements "is more costly and more complex than what is usually required," she said.

That work is taking some of the nation's refining capacity, and therefore its gasoline production, off line, she said. But, assuming no further crude-oil price jumps or any emergency affecting refining capacity, gasoline supplies should swell and prices should drop soon, she said.

"The end of the price run-up at the pump, I believe, is very near."

<snip>

http://money.cnn.com/2006/04/09/news/economy/oil_gasprices/index.htm