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Oil Supplies Are Up, But Gas Is Still Pricey
ResumeSupplies of oil have been surging this year, and U.S. drivers, who have been switching to more fuel-efficient cars, are using less gasoline.
That would seem to be the right economic combination to push down prices at the pump, but gasoline prices have remained stubbornly high.
Gasoline is averaging about $3.60 for a gallon of regular.
With summer beginning tomorrow, millions of vacationers will be taking to the roads.
Guest:
- Marilyn Geewax, senior business editor for NPR. She tweets @geewaxnpr.
This segment aired on June 20, 2013.