Here's How Low Gas Prices Could Go This Summer
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Almost a year ago, gas prices reached a record high over $5 per gallon. While prices could very well rise in the months ahead, experts say the national average isn't likely to pass $4 this summer.
The average gallon of gas in the U.S. now costs $3.55, which is 2.7 cents more than a week ago, according to GasBuddy. The price comparison app forecasts in a new report that the national average will hover between $3.35 and $3.85 during the warm months.
That means the average cost for gas could rise by about 30 cents per gallon, but prices are not expected to shoot up in the near term, nor should they come anywhere near the record highs of last summer.
“Gasoline prices have drifted higher in the last week due to some relatively minor refinery kinks and low gasoline supply, but it may not be a trend that lasts too much longer,” said Patrick De Haan, GasBuddy’s head of petroleum analysis.
