Cheap Gas Prices Expected This Summer

CHICAGO (Chicago Tribune/TNS) -
(AP Photo/Stephan Savoia)
(AP Photo/Stephan Savoia)

Government economists are forecasting the cheapest vacation-season gas prices in a dozen years.

Road-trippers will be able to take advantage of regular gas costing a U.S. average of $2.04 per gallon this summer, according to an U.S. Energy Information Administration estimate issued Wednesday. That’s 59 cents a gallon less than last summer and the lowest price since 2014.

Continuing low prices for crude oil are behind the cheap gas at the pump, which will save the average U.S. household about $350 this year, the Energy Information Administration predicts.