How much will gas cost this summer?

May

You’ve probably noticed that gas prices have been slowly climbing since the beginning of the year.

But they likely won’t reach the $4-a-gallon levels we’ve seen during the past few summers.

Yesterday, the average gallon of regular gas was selling for $2.20 in New York state.

This summer, drivers can expect to pay about $2.50 a gallon for regular gas, says Doug MacIntyre, a senior oil market analyst with the U.S. Energy Information Administration.

“Unlike the last several years, we don’t see a major price spike in the cards,” MacIntyre said. “We could see prices go up another 20 cents or so.”

Read more about this story tomorrow in The Journal News and LoHud.com.

This entry was posted on Tuesday, May 5th, 2009 at 12:33 pm by Khurram Saeed.
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Covering the LoHud commute