A new report from the Department of Energy shows gasoline supplies will be more than adequate this summer and prices will continue to trend lower, even as driving is expected to increase.
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A new report from the Department of Energy shows gasoline supplies will be more than adequate this summer and prices will continue to trend lower, even as driving is expected to increase.
The DOE’s Energy Information Administration releases its Short Term Energy Outlook report each month. April’s report forecasts the U.S. retail price for regular-grade gasoline will average about $3.10 per gallon this summer, mostly because of expected lower crude oil prices. This would be the lowest inflation-adjusted summer average gasoline price since 2020.
