Retail gasoline prices for summer 2015 are projected to be more than $1/gallon lower than last summer (4/8/2015)

EIA this week projected that U.S. average regular gasoline retail prices will average $2.45/gallon (gal) during the April-through-September 2015 period (summer 2015), down from the $3.59/gal average during summer 2014. The significant price decline reflects a large drop in Brent crude oil prices. As daily and weekly national average prices can differ significantly from monthly and seasonal averages, and because there are also significant regional differences in gasoline prices, prices in some areas could exceed the national average by $0.40/gal or more. ... More »