No Sharp Increases Expected for Gas Prices, Energy Director Says
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iStock/Thinktock(WASHINGTON) — As Americans prepare to hit the roads this summer, some good news about fuel prices came out of a Senate Energy meeting in Washington Thursday.
Testifying before the Senate Energy Committee, Energy Administration Director Adam Sieminski said lower oil prices has meant lower prices at the pump. But, he added, drivers shouldn’t expect gas prices to go up that sharply in the coming months.
“The U.S. average regular gasoline prices at the retail level, about $2.50 now, are expected to remain near that level through the summer,” he said Thursday.
Sieminski said we can look for prices to move closer to $2.75 per gallon in the next year.
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