Gas Prices Expected to Drop Through End of Year
U.S. Drivers should see lower gasoline prices in the 4th quarter of this year. The national pump price is expected to average $3.56 per gallon for the period.
That’s down 4 cents from what the energy information administration projected in last month’s forecast.
The Energy Information Administration expects the price for U.S. Benchmark West Texas Intermediate crude oil to average of $89 a barrel in the 4th quarter of 2012, $4 less than last month.
The price for Brent crude, which reflects the world oil price, is expected to average about $110 per barrel over the same period.