The U.S. Energy Department’s Information Administration said on Tuesday, February 12, that it expects regular-trade gasoline to average $3.55 a gallon in 2013 and $3.39 in 2014, up from last month’s estimate of $3.44 and $3.34 respectively.
While the department may not get top marks for forecasting accuracy, that’s lower than last year’s $3.63 average. In Michigan, for example, the average price last Monday was $3.74 per gallon.
Read more »
