WASHINGTON —Drivers may find gasoline a little cheaper this summer compared to last, despite a 64-cents-a-gallon jump since January.
The Energy Department said Tuesday that the recent sharp rise in gasoline costs is likely to slow in the coming weeks with prices averaging $2.81 a gallon over the vacation driving season, about 3 cents lower than last spring and summer.
But the forecast by the department's Energy Information Administration forecast is anything but assured.
Only a month ago, the agency said it thought the cost of regular-grade gasoline would peak in June, averaging $2.67 for the month, a price already eclipsed. The EIA said drivers paid a nationwide average of about $2.80 a gallon for regular in the week ended Monday.
The latest forecast calls for prices to peak with an average $2.87 a gallon for the month of May, then decline. Last summer's peak was an average of $2.98 for the month of July.
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