Monday, December 11, 2017
 
 
News: Page (1) of 1 - 05/08/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Gov't cuts summer gasoline price forecast
US reduces expectations for summer gasoline prices following recent drop in oil
By The Associated Press

NEW YORK (AP) ' The government says gasoline will be cheaper this summer than previously expected thanks to a drop in the price of oil.

The Energy Department says drivers should pay an average of $3.79 per gallon at the pump from April through September. That's down 16 cents from last month's outlook and not that dramatic an increase from last summer's average of $3.71 per gallon.

This month's forecast is a reversal from previous warnings of a sharp rise in gasoline prices. The government had said last month that gasoline prices in May could jump above a monthly average of $4.01 per gallon.



Oil prices have dropped about $7 per barrel since April 2.

The national average for gas has declined 17 cents since early April to $3.76 per gallon on Tuesday.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines