The price comparison app forecasts in a new report that the national average will hover between $3.35 and $3.85 during the warm months. That means the average cost for gas could rise by about 30 cents per gallon, but prices are not expected to shoot up in the near term, nor should they come anywhere near the record highs of last summer.
Will gas prices rise this summer?
Gas prices are expected to rise this summer by about $0.10 per gallon amid falling refinery capacity and higher refining costs, according to government data.
What will gasoline prices be like in the summer?
As U.S. refineries increase gasoline and distillate production, we expect this increased production to gradually place downward pressure on wholesale gasoline margins and retail prices during the summer. As a result, we forecast the average U.S. retail gasoline price will fall to $3.75/gal in July and to $3.68/gal in September.
