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Summer gas prices expected to be 32 percent lower this year

Lucy Perez, of Charlotte, N.C., pumps gas at a station in Matthews, N.C. Drivers will see the lowest summer gasoline prices in about six years, according to an Energy Department report released Tuesday.
Lucy Perez, of Charlotte, N.C., pumps gas at a station in Matthews, N.C. Drivers will see the lowest summer gasoline prices in about six years, according to an Energy Department report released Tuesday. Lucy Perez, of Charlotte, N.C., pumps gas at a station in Matthews, N.C. Drivers will see the lowest summer gasoline prices in about six years, according to an Energy Department report released Tuesday.

By Associated Press 3 min read

Drivers will see the lowest summer gasoline prices in about six years, according to the Energy Department.

The national average price is forecast to fall 32 percent from a year ago to $2.45 a gallon between April and September, the period when Americans do most of their driving. That would mark the lowest seasonal average since 2009.

For the year, the department’s Energy Information Administration expects gasoline to average $2.40 a gallon, down from $3.36 in 2014.

Even lower gas prices

The average price of a gallon of gasoline in Chattanooga Tuesday was $2.03 per gallon – 35 cents per gallon less than the U.S. average and $1.35 per gallon below the same time a year ago, according to the AAA daily fuel gauge survey.

“It’s a very realistic average, but like a lot of averages, it doesn’t speak to some of the lumpiness you’ll see,” said Tom Kloza, chief oil analyst at OPIS.