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U.S. Lowers Forecast for Summer 2013 Gasoline Prices

The Energy Information Administration lowered its forecast for summer 2013 gasoline prices.

U.S. consumers will pay an average 16 cents a gallon less for gasoline this summer than a year ago, the statistical arm of the Energy Department said today in its monthly Short-Term Energy Outlook. The EIA’s April forecast predicted prices would average 6 cents a gallon less than in 2012.