I wish I had better news for you. In prior years, Fall marked a time when prices trended downward because people were finished with their summer travel and staying closer to home, but speculation in oil futures is driving the price of gas up every day. The outlook for a significant price decline this fall is pretty bleak. In fact, the U.S. Energy Information Administration (EIA) has increased the average regular gasoline retail price forecast for the third quarter to $3.49 per gallon, 10 cents higher than the forecast in last month’s Short-Term Energy Outlook.
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Tags: Money Monday