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Energy Agency Predicts Lower Gasoline Prices This Summer

The U.S. Energy Information Administration predicts lower gasoline prices this summer. The U.S. Energy Information Administration predicts lower gasoline prices this summer. |  Photo: WDIO, File

Associated Press
Created: April 09, 2019 12:22 PM

It looks like motorists will pay less to fill the tank this summer.
    
The U.S. Energy Information Administration predicted Tuesday that the national average price from April through September will be $2.76 a gallon, down from $2.85 last summer.
    
For the entire year, the agency says the average household will spend about $100 less on fuel than last year, a savings of 4 percent.
    
Oil prices are up since December but still down from a year ago.
    
The Energy agency says the U.S. produced 12.1 million barrels of oil per day in March.
    
It forecasts that production will hit 12.4 million barrels a day this year and 13.1 million next year mostly due to higher output in Texas and New Mexico.
 

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Associated Press

Copyright 2019 The Associated Press. All rights reserved.

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