Get Ready for More Pain at the Pump

gas pump 150x150 Get Ready for More Pain at the PumpGas prices have been easing as of late, but don’t get too excited- the Department of Energy believes that gas prices will spike 6% this summer, reports the Los Angeles Times.

Expect to shell out about 24 cents more per gallon of gas between the months of April and September. Peak prices are predicted to top out at an average of $3.95 for regular gasoline, up 6.3% from last year in the same period.

Drivers should see the highest prices in May with an average of $4.01 per gallon.

The Department of Energy also predicts that the high prices will reduce consumption by about 0.5% as compared with last summer.

To read the full article, visit www.latimes.com/business/money/la-fi-mo-summer-gas-prices-20120410,0,5861522.story?track=rss.

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About Veronica Brown

I am currently the Marketing Communications Intern for the Council of Better Business Bureaus in Arlington, VA. Originally from Seattle, I am currently a student in Washington, D.C. studying International Affairs. In my spare time, I enjoy volunteering around the city, exploring the East Coast and keeping up with politics.