Mexican Media Brands
U.S. Gasoline Prices Expected to Equal Last Summer’s Average
The price of a gallon of gasoline in the U.S. will average $3.57 this summer compared with $3.58 in 2013, the U.S.
#economics
Share
The price of a gallon of gasoline in the U.S. will average $3.57 this summer compared with $3.58 in 2013, the U.S. Energy Information Administration predicts.
The national average is the lowest since summer 2010. EIA says regional prices will vary from $3.37 along the Gulf Coast to $3.85 on the West Coast. The agency expects the overall average to slide from $3.66 in May to $3.46 in September.
EIA says petroleum production outside the Organization of the Petroleum Exporting Countries will grow at a faster rate than global consumption, thus offsetting an expected drop in OPEC output. The agency forecasts the price of Brent crude will average $105 per barrel this summer compared with $107 for the same period in 2013.
U.S. gasoline consumption this summer will increase slightly as growth in miles driven offsets improvements in average vehicle fuel economy, according to EIA.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.