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Summer 2018 Gas Prices to Rise 11%

Summer 2018 gas prices are expected to increase 11% over summer 2017 prices, averaging $2.74 per gallon according to the EIA. While this price is 26 cents higher than last summer, it remains 15 cents below the 2013-2017 average. The EIA also predicts gas will average $2.64 per gallon for all of 2018, meaning households will spend 4.7% more on gas than 2017 but less than 2014 when prices exceeded $3.00 per gallon.

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32 views1 page

Summer 2018 Gas Prices to Rise 11%

Summer 2018 gas prices are expected to increase 11% over summer 2017 prices, averaging $2.74 per gallon according to the EIA. While this price is 26 cents higher than last summer, it remains 15 cents below the 2013-2017 average. The EIA also predicts gas will average $2.64 per gallon for all of 2018, meaning households will spend 4.7% more on gas than 2017 but less than 2014 when prices exceeded $3.00 per gallon.

Uploaded by

sriteja79
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Summer gas prices expected to increase 11 percent

The EIA expects summer 2018 gas prices to cost an average of $2.74 per gallon, an 11-percent (or 26-cent)
increase over summer 2017 prices. The amount is still 15 cents per gallon lower than the average price from
2013 to 2017, however. The EIA predicts that gas prices will average $2.64 per gallon in 2018 overall. While
U.S. households on average will spend about 4.7 percent more on gasoline in 2018 than they did in 2017, they
are expected to spend less than in 2014, when retail gasoline prices averaged more than $3.00 per gallon.

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