The average price of gasoline in the U.S. hit yet another record high on Monday, at $4.596 per gallon, according to AAA. With the summer driving season just days away, starting Memorial Day weekend, prices at the pump are expected to go even higher. How high could depend on how much gasoline is shipped into the East Coast aboard tankers.
“U.S. driving season is looming large,” said tanker brokerage BRS in a report published Monday. “U.S. Atlantic Coast gasoline inventories currently stand at 51...