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Gas prices seen holding at around $3 a gallon

The average U.S. gasoline price will hover near the $3 mark this summer and will set a record for the season, according to USA Today citing the Energy Department.
The average U.S. price for a gallon of regular gasoline will be $2.95 this summer, up 11 cents from the average last year and 14 cents higher than the price predicted a month ago, the Energy Information Administration, the Energy Department's statistical arm, said in a monthly report.
Unanticipated refinery closings heading into the busy summer driving season along with strong demand for gasoline worldwide led to the higher price forecast, the EIA analysts said.

Posted by   at 10:21 AM to Gas prices | Permalink

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