UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Relief at pump seen for summer drivers

|
 
 UPI/ Phil McCarten
UPI/ Phil McCarten 
License photo
Published: April 10, 2013 at 8:31 AM

WASHINGTON, April 10 (UPI) -- U.S. vacationers during peak summer driving season can expect to pay around $3.63 for a gallon of regular unleaded gasoline, an Energy Department report said.

The department's Energy Information Administration published its short-term energy outlook for the season. It said it expected U.S. commuters would pay, on average, about $3.56 for a gallon of regular unleaded for the year and $3.39 per gallon next year. That's compared to the $3.63 average for 2012.

Motor group AAA reports that commuters paid, on average, $3.57 per gallon Wednesday, though some west coast markets saw prices as high as $4.39.

The EIA said it based its predictions on declining prices for crude oil. Brent crude oil prices are expected to level off at around $108 per barrel during the summer, compared to around $106 during the latest trading session.

"Because taxes and retail distribution costs are generally stable, movements in gasoline and diesel prices are driven primarily by changes in both crude oil prices and wholesale margins," EIA stated.

An early season price spike in the United States was attributed to refinery issues, higher crude oil prices and the sustained effects of Hurricane Sandy, a late 2012 storm.

EIA said gasoline prices during the peak summer drive season, which extends to September, should average $3.63 per gallon.

Topics: Brent Crude, Hurricane Sandy
Recommended Stories
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
Immigration rally in Washington, D.C. MTV Movie Awards Cherry Blossoms in Washington, D.C.
Miss NY USA crowns ASPCA King and Queen Academy of American Country Music Awards 2013: Celebrity break ups and divorces
Additional Energy Resources Stories
1 of 20
Prince Harry arrives on Capitol Hill in Washington
View Caption
Prince Harry arrives on Capitol Hill to tour a photography exhibit by HALO Trust, a British nonprofit focused on removing hazardous war debris, including un-exploded devices and landmines, on May 9, 2013 in Washington, D.C. UPI/Kevin Dietsch
fark
Radioactive products from the last century: toothpaste, chocolate, suppositories. What were we thinking?...
School dedicates a portion of its website to a student who just died. Fark: And that's how the parents...
A man probably had a brief moment of joy when he gave the slip to the sheriff's deputy chasing him....
Giant 50-foot magnet makes cross-country trek, as well as quite an attraction
Florida restaurant pulls controversial lion tacos off the menu after huge uproar
Photoshop this red army