The U.S. Energy Depratment is forecasting gas prices will be the lowest this summer they’ve been since summer 2009.
Instead of the usual spike, it could be relatively steady as she goes.
Looking at the period of April through September the Energy Information Administration says regular gasoline retail prices should average $2.45 per gallon compared with $3.59 per gallon last summer
“Based on EIA’s gasoline price forecast, the average U.S. household is expected to spend about $700 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years,” says the EIA.
What this will precisely mean for sales of hybrids, plug-in hybrids and all-electric cars we’ll find out soon enough.
Without a doubt consumers do consider fuel prices but sales of plug-in cars and potentially hybrids also are not strictly driven by fuel prices. Other reasons propping them up including desire for environmental benefit, energy security, quiet high-tech technology, and more still remain.
But saving money is almost always welcome, and the government says this is what we’ll have in the near term, and until further notice.