Gas Prices Expected to Drop this Summer

Early reports from the US Energy Information Administration are indicating that gas prices this summer may be dropping across the country to a cost we haven't seen in years.  The average price for a gallon of regular gas in the United States is expected to be close to $3.63 from April to September. Oil prices are expected to be lower which will help us see a price reduction at the pump.

"The forecast reflects a small decline in crude oil prices and expected gasoline consumption, as well as higher gasoline inventory levels," the EIA said in a statement.

filling_01In America, even though highway travel is predicted to increase 3% this year, the expected consumption of gas this year is expected to drop 2%. This is likely due to fuel efficiency improvements in newer vehicles, like theDodge Dart. The demand for gas this year is expected to be the lowest it's been in 12 years.

Gas prices will definitely vary depending upon region. Prices in the West Coast will be 26 cents higher than the expected average. However, at $3.89, the West Coast will still be enjoying the greatest price dip of 13 cents compared to last year. Prices in the Gult Coast are the opposite as that region is expected to be 16 cents lower than the national average but will only be 2 cents better than last year.

McInerney's Woodhaven is excited to see that gas prices are expected to drop this summer and is proud that fuel efficient vehicles like the Dodge Dart are leading to less gasoline consumption.

Categories: News