While inflation came in below expectations in February, gasoline prices jumped 6% and futures...

|By:, SA News Editor

While inflation came in below expectations in February, gasoline prices jumped 6% and futures indicate that $4/gallon is not far off, with the average pump price $3.831 on Friday. A major reason is that loss-making North East refineries are being idled or shut permanently as their operators get squeezed by higher oil prices.