EIA Predicts Big Gas Savings for Summer Drivers

gas

 

 

by Tim Church

 

 

WASHINGTON, D.C. – Compared to last year, drivers could be enjoying a dip in gasoline prices this summer, according to the U-S Energy Information Administration.

Jonathan Cogan with the EIA in Washington files this report:

 

Cogan says lower crude oil prices, which are expected to be down about one-third from last summer, are behind these consumer savings. He adds cheaper gas prices will stretch beyond the summer months as 2016’s annual average pump price is forecast to come in at $1.94 per gallon.

These figures are predicted to save the average U-S household around 350-dollars on gasoline in 2016, compared to last year.

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