Retail Gasoline Prices This Summer Expected To Be Lowest Since 2004

Retail Gasoline Prices This Summer Expected To Be Lowest Since 2004 by Sean Hill & Tim Hess - EIA

The U.S. Energy Information Administration forecasts that U.S. drivers will pay an average of $2.04 per gallon (gal) this summer for regular gasoline, according to EIA's Short-Term Energy and Summer Fuels Outlook. The forecast price for summer 2016 (which runs from April through September) is 59 cents/gal lower than the average price last summer, and it would be the lowest average summer price since 2004. Monthly average gasoline prices are expected to increase to $2.08/gal in June, then fall to $1.93/gal in September.

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