Will the U. S. national average gasoline price hit $4 per gallon by the Fourth of July?

http://www.fuelgaugereport.com/

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/padd_us_mini_report.html

requesting settlement as yes please.

NEW YORK (CNNMoney.com) -- Gasoline rose to a milestone mark Sunday as the national average compiled by motorist group AAA reached $4 a gallon for the first time in history...

http://money.cnn.com/2008/06/08/news/economy/gas_prices/index.htm?cnn=yes

The settlement source is EIA - at their last update it was at 3.976 on the 2nd. I think greater than 4 dollars at the next release (tomorrow I believe) is pretty darn likely, so feel free to put the h$ on. But this isn't quite ready to settle.

http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm $4.026

Yep...you're right Jenni....the source is the EIA, Energy Information Administration, and they release their numbers every Monday...so once that's released, we'll know for sure....and the number I've been using for this is for "Gasoline-All Grades" which last week on June 2 was $4.026 . . . now if Smidge intended to use the results for 'regular' gas only, you would be correct in saying that it was only $3.976.

There's a lot of different numbers out there, so you really do need to be specific about which source will be used and what set of data will be the mark to be used.

Either way...it will definitely be $4 by the 4th, if not already, by tomorrow for sure!

"Will the U. S. national average gasoline price hit $4 per gallon by the Fourth of July?"
Nope...nothing about regular gas, only.
http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm $4.026

Thank you Erik, that decision & source is more consistent with the reporting on the topic than the original link listed in the subtitle of the market (which implied Regular gas only). The decision has the Hubdub market closing with the reporting of the U.S. hitting $4 a gallon for the first time. Good job.