Lower Fuel Prices Predicted for Summer
EIA suggests that drivers will get a slight break over 2018 season prices.
Apr 11, 2019
WASHINGTON, D.C. – The U.S. Energy Information Administration (EIA) predicts fuel prices will be lower this summer compared with last year, primarily because Brent crude oil prices are expected to average $7 per barrel less than last summer.
The EIA defines April through September as the summer season for gasoline and diesel use in the United States and expects the retail price of regular-grade gasoline to average $2.76 per gallon this year, down from an average of $2.85 per gallon last summer.
Daily and weekly national average prices of gasoline can differ significantly from monthly and seasonal averages and across U.S. regions. EIA forecasts average summer retail gasoline prices to range from a high of $3.27 per gallon on the West Coast to $2.51 per gallon on the Gulf Coast.
Exports of gasoline are predicted to be nearly 90,000 barrels a day during the period, making the U.S. a net exporter for the first summer since 1960.
