Summer travel: Gas prices are up, but no surge seen

Updated

There's good news and bad news on gasoline prices as the nation enters the summer driving season this upcoming Memorial Day weekend.

The good news: There will be no 'gas pump shock' like the one that occurred last summer at the end of the leveraging bubble, when you could pay less for dinner for two than to fill up your gas tank.

The bad news: Even though the nation is still in a recession, and gasoline demand is down on a year-over-year basis, gasoline prices are still likely to rise at least through mid-summer, energy sector experts say.

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