The EIA slashes its forecast for average gasoline prices during the summer driving period;...


The EIA slashes its forecast for average gasoline prices during the summer driving period; instead of the $3.95/gallon estimate it put out in April, the agency now expects prices to average just $3.79 during April-September. The report marks the fifth straight weekly drop, and it helps ease fears U.S. prices will soon push above the $4 mark.

Comments (2)
  • Jason Tillberg
    , contributor
    Comments (1326) | Send Message
     
    yeah, because demand is collapsing faster than expected.

     

    stunning " prices down 4.3% from last year yet demand down 6.1% from just last year"

     

    http://reut.rs/KKsZ08

     

    breaking point being reached everywhere.
    8 May 2012, 03:50 PM Reply Like
  • Terry330
    , contributor
    Comments (881) | Send Message
     
    Just weeks ago the conservative media was saying, $ 5.00 by early summer.
    8 May 2012, 03:51 PM Reply Like
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