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Scant relief: Summer gas prices to dip a penny

Associated Press

Drivers will get the slightest of breaks on gasoline prices this summer, according to the U.S. Energy Department.

The national average price is forecast to fall — by just 1 cent — to $3.57 a gallon between April and September, the months when Americans do most of their driving.

That would be the lowest average summer price since 2010.

For the year, the department’s Energy Information Administration expects gasoline to average $3.45 a gallon, down from $3.51 last year and also the lowest since 2010.

World demand for oil is growing, but supplies are growing faster than demand, thanks to higher production in the U.S., Canada and elsewhere. That will keep a lid on the price of crude and gasoline.

The average price of gasoline last summer was 5 cents lower than what EIA had forecast last spring.

The average price of gasoline in the U.S. was $3.59 a gallon Tuesday, the same as last year.



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