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Summer gas prices expected to stay under $2

For those who may worry that gasoline prices will climb back up to more than $4 a gallon this spring and summer — the height of the boating season for many states — take heart.

The Energy Information Administration, which provides official energy statistics from the U.S. government, recently issued a report indicating that gasoline and diesel prices probably won’t rise much above their current levels for the remainder of 2009.

“Economic contraction in 2009 and lower projected crude oil prices are expected to reduce annual average retail gasoline and diesel fuel prices in 2009 to $1.87 and $2.27 per gallon, respectively,” the EIA said this week.

For more from the EIA, click here.


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