Economists Expect Low Gas Prices for Summer

By: Mike Springer
By: Mike Springer

By: Mike Springer
April 14, 2013

Tallahassee, FL-Gas prices may be going down this summer.

Last summer the average price for a gallon of gas was $3.69. This summer the Energy Department says it could be almost six cents less: $3.63 a gallon. It would be the lowest summer gas prices we've seen in three years.

"If they go down that much it will help a lot because I do drive a lot back and forth between the shop and the theater that I work at," said driver, Tyler Teagle.

Economists say there are two big reasons for the drop. First, the United States and Canada are producing more crude oil. Second, there are more fuel-efficient cars on the roads. So people are filling up less.

According to the fuel website GasBuddy.com, Americans are spending $108 million dollars a day less at the pumps than they did a year ago.

"It really won't affect travel decisions all that much. But it does in fact put a little bit more money in your pocket," said driver Bill Scheer.

The summer gas season typically runs from Memorial Day through Labor Day.


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