Officials Project $2.95 Average For Gas This Summer

Tuesday, May 15th 2007, 4:00 pm

By: News On 6

CAPITOL HILL (AP) -- Officials have told Congress that they expect to see the price of gas come down slightly this summer -- but you shouldn't think you've seen the last of the $3-a-gallon prices.

The head of the Energy Department's Energy Information Administration told a Senate panel that he thinks the price of a gallon of gas will average $2.95 this summer. But he says there will be peak monthly averages of more than $3 this month and again during August's peak driving season.

The average price of gas has recently moved above $3.10 a gallon, which is higher than the record that was set in the wake of Hurricane Katrina.