Enter to win every day in CTNOW's 21 Days of Summer Giveaways. Click here to see today's prize.
Topics

Harold Hamm

Gas prices still look low for summer even after spring surge

Gas prices still look low for summer even after spring surge

Drivers who have seen a steady rise in the price of gasoline can relax: They will almost certainly be paying far less for gas this summer than they have in at least six years. "It's a cheap, cheap, cheap year," says Tom Kloza, chief oil analyst at the Oil Price Information Service. The Energy Department said Tuesday that it expects the price of gasoline to average $2.55 between April and September, which would be the lowest since 2009. Over the course of the year, a typical U.S household could save $675 in gasoline prices compared to last year. The coming summer of cheap gas was set up by a collapse in oil prices that began last June at $107 a barrel and ended in...

Loading

88°