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Summer Gasoline Prices To Be Lower

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The US Energy Information Administration this week had some welcome news for tourism interests across the country.  Spokesman Jonathan Cogan says US gasoline prices are now expected to be lower this summer than previously thought.  Cogan says the price for regular gasoline this summer is now expected to average $3.53 a gallon, according to the new monthly forecast from the U.S. Energy Information Administration. That’s down 10 cents from last month’s forecast and 16 cents cheaper than last summer.  Cogan explains that after reaching a weekly peak of $3.78 a gallon in late February, pump prices fell nine weeks in a row to $3.52 per gallon by the end of April.  Now, he says gasoline is expected to cost less because of lower crude oil prices, which account for about two-thirds of the price drivers pay at the pump. Currently, Wyoming is listed among the states having the lowest priced gasoline nationally with an average price for a gallon of unleaded regular now $3.33-point-8 per gallon. The average of prices reported in Jackson Hole by Motor Trend is currently $3.41-point-7 per gallon.

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