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Gas Price Decline Predicted

gas prices

A federal agency is providing some favorable news for anyone engaged in domestic tourism.  The US Energy Information Administration is predicting some relief at the pumps in the weeks ahead which may continue into next year.  In a release published yesterday, the federal agency predicted that the average national price for unleaded regular will fall to $3.43 by September.  The agency says for the year as a whole, the annual average retail price of gasoline will decline 14¢ a gallon from last year and go on to drop to $3.37 per gallon in 2014. The agency says the lower price in part reflects slightly lower crude oil prices which account for about two-thirds of the cost at the pump.

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