Share

A look at the government summer gasoline forecast

|
News,Business

Drivers will get the slightest of breaks on gasoline prices this summer, when the national average price is forecast to fall. Here's a look at the Energy Department's forecast for summer gasoline prices, which was released Tuesday:

SCANT RELIEF: The average retail price of gasoline in the U.S. between April and September, when Americans drive the most, is forecast to be $3.57 per gallon. That's only a penny less than last year but it's the lowest since 2010.

CRUDE IN CHECK: The global price of crude oil, the biggest factor in determining gasoline prices, is projected to fall slightly because while world demand is growing, supplies are growing even faster thanks to higher oil production in the U.S., Canada and elsewhere.

WEST, AND THE REST: West Coast drivers will pay by far the highest average this summer, $3.85 per gallon. This is how the rest of the nation stacks up: Midwest, $3,55; East Coast, $3.53, Rocky Mountain states, $3.52; Gulf Coast $3.37.

View article comments Leave a comment