Summer Gas Prices Expected To Be Lowest In Three Years

Filed under: Gas Prices The average retail price for a gallon of gas is expected to be $3.63 this summer.The average retail price for a gallon of regular unleaded gas is expected to be $3.63 this summer, according to the U.S. Energy Information Administration. That price is slightly below the averages from the past two years. The administration’s Short-Term Energy Outlook forecasts a decline in crude oil prices and gas consumption along with an increase in gasoline inventory levels. Cheaper crude oil will have the biggest impact, as it accounts for two-thirds of the overall …