Bodman Sees Up to Three Years of Fuel Pain Date: Sunday, April 30 @ 12:53:56 PDT Topic: Consumption; Demand; Prices
Gasoline prices have soared an average of 60 cents a gallon in less than a month because suppliers are unable to keep up with demand, a situation that could persist up to three more years, Energy Secretary Samuel Bodman said Sunday.
Bodman said on NBC’s “Meet the Press” that the shortfall was a sign of a stronger economy under President Bush, but he acknowledged that, at least for now, “the suppliers have lost control of the market.”
