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Drivers to pay 6 percent more for gas this summer

By Chris Kahn

AP Energy Writer

POSTED:
LAST UPDATED: 09:50 a.m. HST, Apr 10, 2012


 

NEW YORK >> U.S. drivers will pay an average of 24 cents more per gallon for gasoline during this summer’s travel season, the government says.

The Energy Information Administration says gasoline will cost an average of $3.95 per gallon from April through September, an increase of 6.3 percent from the same period last year. The peak monthly average should be $4.01 in May. 

The government says there’s a small chance the price for a gallon could climb as high as $4.50 in June. 

Costs are rising with the price of crude oil, the main component in gasoline and other fuels.

Americans have responded to high prices by using less gasoline. But because gas has risen so quickly, they’re still expected to spend $250 more on average per household for gas this year.  

Gas prices in Hawaii, already the highest in the nation, set another record today, according to the Daily AAA Fuel Gauge report.

AAA estimates the average price of a gallon of regular gas in Hawaii at $4.614. The price is about 7/10ths of a cent more than yesterday and about 25 cents higher than last month.







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nigelUV001 wrote:
Increasing gas prices, shrinking household budgets, global warming, expensive air conditioners for sale, more tapping of the foot while you wait your turn in traffic, and we are still arguing about putting in more bicycle lanes in Kaimuki. Get on a bicycle, or scooter. Cut down on traffic. Ride the bus, and if you must drive a car as a single passenger at least be courteous to the people who are trying to do their part to reduce congestion and CO2 emisisons.
on April 10,2012 | 10:53AM
Oahuan wrote:
Bet my house these oil companies will reap record profits this year.
on April 10,2012 | 11:39AM
primowarrior wrote:
I think your house will be safe.
on April 10,2012 | 11:52AM
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