NEW YORK (AP) — Drivers will get the slightest of breaks on gasoline prices this summer, according to the
Energy Department.
The
national average price is forecast to fall — by just one cent — to
$3.57 per gallon between April and September, the months when Americans
do most of their driving.
Still, that would be the lowest average
since 2010. For the year, the Energy Department’s Energy Information
Administration expects gasoline to average $3.45 per gallon, down from
$3.51 last year and also the lowest since 2010.
World demand for
oil is growing, but supplies are growing faster, thanks to higher
production in North and South America. The price of Brent crude, a
benchmark used to price oil used by many U.S. refineries, is forecast to
fall 4 percent this year.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
NEW YORK (AP) — Drivers will get the slightest of breaks on gasoline prices this summer, according to the
Energy Department.
The
national average price is forecast to fall — by just one cent — to
$3.57 per gallon between April and September, the months when Americans
do most of their driving.
Still, that would be the lowest average
since 2010. For the year, the Energy Department’s Energy Information
Administration expects gasoline to average $3.45 per gallon, down from
$3.51 last year and also the lowest since 2010.
World demand for
oil is growing, but supplies are growing faster, thanks to higher
production in North and South America. The price of Brent crude, a
benchmark used to price oil used by many U.S. refineries, is forecast to
fall 4 percent this year.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.