Gas Prices Expected to Remain Stable in US

Jason Siu
by Jason Siu

If you’re a fan of current gas prices, there’s good news for you.

According to the U.S. Department of Energy, this summer’s gas prices will be at their lowest since 2009 and it believes prices from April to September will average about $2.45 a gallon, a substantial drop from the $3.59 average last summer. As a result, the DOE estimates that the average family in the U.S. will save around $700 in fuel costs this year.

SEE ALSO: Average Fuel Economy Increases in March

Currently, the national average is at about $2.39 a gallon, about $0.05 less than a month ago. The U.S. Energy Information Administration (EIA)’s report also notes that annual motor fuel expenditures are on track to drop to their lowest level in 11 years. Expect the average fuel economy of vehicles sold to also drop along with the gas prices, as buyers opt for pickup trucks and SUVs over hybrids and electric vehicles when fuel prices are down.

Discuss this story at our alternative fuel forum

Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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 1 comment
  • Craig Cole Craig Cole on Apr 14, 2015

    This is good news. Now I'm going to start hoarding more V8 engines. Can you ever have enough? (Answer: NO!)