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Wednesday
May012013

Can Drivers Expect Cheaper Gas this Summer?

Jupiterimages/Thinkstock(NEW YORK) -- Typically, it seems like gas prices go up every time Americans are expected to hit the road for a holiday or vacation.  But AAA says that won't be the case this summer.

By mid-summer, the travel group is predicting gas will cost $3.20 to $3.40 a gallon -- down from $3.55 now -- if current trends continue.

“Gas prices in much of the country have declined this spring because of lower oil costs, ample refinery production and continued weak demand,” Avery Ash, a AAA spokesman, said in a statement earlier this week.  “Gas prices have fallen faster and earlier than ever before for this time of year, and it is saving motorists millions of dollars per day in lower fuel costs.”

Ash added that drivers hitting the road this summer can expect to see lower prices at the pump "as long as there are not any refinery problems or significant international news events."

Copyright 2013 ABC News Radio







ABC News Radio