Energy Department: Price of Gas to Fall By Year's End

It was something of a good news/bad news scenario presented in a report that used the Energy Information Administration, a division of the Energy Department, as its source.

The price of gasoline should drop to $2.58 per gallon by the end of the year. But under a "medium" recovery scenario, the $3-per-gallon level should be maintained for most of September.

Also in the bad news category, natural gas prices will be 21.3 percent above where they were last year while consumers can expect to pay 31 percent more during the winter for heating oil.

By Glenn J. Kalinoski, Executive Editor, Customer Inter@ction Solutions

Tags: Energy Information Administration gasoline $3-per-gallon heating oil natural gas
Related Tags: energy, Energy

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