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Gas prices continue downward trend : Front Page - Tampa Bay Newspapers
By SUZETTE PORTER
June 26, 2012
The national average price of regular gasoline has dropped 41 cents since April 2, according to the U.S. Energy Information Administrations This Week in Petroleum June 20 report.
And prices are continuing to fall.
The average price per gallon as of June 26 was $3.40 down 10 cents from last week, 24 cents from last month and 17 cents from a year ago, according to AAAs Fuel Gauge Report.
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Media sources reported June 22 that it was possible for gas prices to drop to $3 a gallon by end of October. EIA officials did not speculate on just how low prices might drop this year. However, in its short-term energy outlook released June 12, officials lowered the price forecast for regular gasoline by 19 cents. The EIA now says the average annual price for 2012 should be $3.56 per gallon, compared to $3.53 in 2011. Current projects for 2013 show the price decrease continuing with an annual average price at $3.51 a gallon.
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By SUZETTE PORTER
June 26, 2012
The national average price of regular gasoline has dropped 41 cents since April 2, according to the U.S. Energy Information Administrations This Week in Petroleum June 20 report.
And prices are continuing to fall.
The average price per gallon as of June 26 was $3.40 down 10 cents from last week, 24 cents from last month and 17 cents from a year ago, according to AAAs Fuel Gauge Report.
✄snip>
Media sources reported June 22 that it was possible for gas prices to drop to $3 a gallon by end of October. EIA officials did not speculate on just how low prices might drop this year. However, in its short-term energy outlook released June 12, officials lowered the price forecast for regular gasoline by 19 cents. The EIA now says the average annual price for 2012 should be $3.56 per gallon, compared to $3.53 in 2011. Current projects for 2013 show the price decrease continuing with an annual average price at $3.51 a gallon.
✄snip>