Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

$3.53 Gas For The Summer, Energy Department Says

WASHINGTON (UPI) — U.S. consumers can expect to pay an average $3.53 for a gallon of regular unleaded gasoline during the summer driving season, the Energy Department said.

The Energy Information Administration, the statistical arm of the Energy Department, said the average price for a gallon of regular unleaded gasoline as of Monday was $3.65 per gallon. That’s approximately 1 cent less than last week and 8 cents less than during the same time last year.

The EIA in its short-term outlook report said regular gasoline will cost $3.53 on average for the summer driving season, which lasts from April through September.

“The annual average regular gasoline retail price is projected to decline from $3.63 per gallon in 2012 to $3.49 per gallon in 2013 and to $3.37 per gallon in 2014,” the report published Tuesday said.

Motor group AAA reported an average price of $3.63 nationally as of Wednesday. The automobile association reported Illinois and Michigan had among the nation’s highest average prices for a gallon of regular unleaded gasoline Wednesday, with $4.19 and $4.17, respectively. Problems at a Chicago-area refinery contributed to regional spikes.

The Organization of Petroleum Exporting Countries said in its June oil market report there was ample supply of gasoline at the start of the summer driving season.

The EIA cautioned energy price forecasts are “highly uncertain.”

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “$3.53 Gas For The Summer, Energy Department Says”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.