] That what T. Boone Pickens thinks. Pickens, whose
] fight for Gulf Oil in the 1980s made Gulf part of
] what today ChevronTexaco (CVX, news, msgs), said the
] problem isnt the price of crude oil. Its that no
] new oil refineries have been built in the United States
] since 1976.
]
] And unless oil companies can be assured they get all the
] environmental permits, you wont see a new refinery, he
] said on CNCs Closing Bell.? And you wont see
] lower gasoline prices.
]
] $3 a gallon gasoline isnt a sure bet, however, Pickens
] said. That depends on whether $2 a gallon gasoline today
] will depress demand. If demand doesnt fall back, $3 is
] quite possible.

How high will gasoline prices go? Maybe $3 How high will gasoline prices go? Maybe $3