Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices.
NEW YORK – Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices. The lows will be lower and the highs won't be so high compared with a year ago. The average price of a gallon of gasoline will fall 5 percent to $3.44, according to the Energy Department.
That would still be the third-highest average price ever. But a discount of 19 cents per gallon from 2012 would save the typical household $205 this year and free up $25 billion that could go instead to restaurants, malls, or movie theaters.
Click here to read the entire article.
Source: Associated Press