Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Feds Forecast $2.45 Average Summer Gasoline Price

April 15, 2015

The projected price of gasoline for U.S. drivers between April and September will be around $2.45 per gallon, which is down more than a $1 from last summer, according to the U.S. Energy of Information Administration.

The summer price is expected to fall from $3.59 per gallon, according to the EIA's Short-Term Energy and Summer Fuels Outlook. The projected lower retail price this summer is a result of the significant drop in world crude oil prices.

"Brent crude oil prices fell sharply in late 2014 and early 2015 as global supply exceeded demand, contributing to strong increases in oil inventories," according to the EIA.

The West Coast has the highest projected average of $2.82 per gallon. The EIA projects the national regular gasoline retail price will average $2.40 per gallon for 2015.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Smith Electric manufactures and markets commercial electric vehicles.

Read more

Up Next

More From The World's Largest Fleet Publisher