EIA Reports Gas to Remain Below $2 a Gallon through 2017

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by Tim Church

 

 

WASHINGTON D.C. – For the first time in more than a decade, the U-S Energy Information Administration is forecasting back-to-back years of annual average gasoline prices below two-dollars a gallon.

Jonathan Cogan, with the EIA, files this report:

 

Cogan adds record high U-S oil inventories along with growing global oil production are expected to keep crude oil prices low.

Cogan says the last time gasoline averaged less than two-dollars a gallon for two years in row was during 2003 and 2004.

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