Summer Gasoline Prices Seen Holding Steady in Relief for Drivers
- EIA sees fuel averaging $3.68 a gallon in April to September
- Summer consumption seen little changed from last year’s levels
People pump gas in Austin, Texas.
Photographer: Brandon Bell/Getty ImagesThis article is for subscribers only.
American drivers may pay about the same prices at the pump this summer, providing a boon for the Biden administration’s efforts to tame inflation.
Motorists are expected to pay an average $3.68 per gallon from April to September in the US compared with $3.67 last year, the Energy Information Administration said in its Summer Fuels Outlook report. The 0.3% increase comes even as benchmark West Texas Intermediate oil is expected to rise about 9.7% from last year’s levels.