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On this day in 2008, gasoline prices hit an all-time average high of $4.1144 per gallon. Some experts had predicted earlier this year that the national average would beat that this summer, but that's now unlikely. Tom Kloza, OPIS chief oil analyst, expects gasoline prices to range between $3.30 and $3.50 per gallon from now until Labor Day. In other futures trading, heating oil rose 1.45 cents to finish at $2.8422 per gallon, while wholesale gasoline lost a penny to end at $2.8450 per gallon. Natural gas fell by less than a penny to finish the day at $2.7960 per 1,000 cubic feet.
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