Fuel prices skyrocket to US record, more on way; major crude oil producer Nigeria beset by gas shortages, weekend-long lines

US gasoline prices rose to a record $3.31 per gallon this week, according to the nationwide Lundberg survey. The survey’s editor said that spring gasoline reformulations would keep prices rising.   Meanwhile, Nigeria, one of the world’s major crude oil exporters, is experiencing a gasoline shortage crisis after 13 ships were quarantined in Lagos because of excessive ethanol content, causing weekend-long fuel queues. Nigerian gasoline wholesalers and retailers say that the ethanol is fully in line with a E10 presidential directive, and that excessive concern in government circles following a rogue distribution of E20 is causing the holdup in testing and certification of new fuel shipments.

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