Officials Project $2.95 Average For Gas This Summer
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.<br/><br/>TheTuesday, 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.
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