In the July edition of the Short-Term Energy Outlook (STEO), EIA forecasts that the U.S. retail price for regular gasoline will average $2.25 per gallon (gal) this summer (April through September).
The forecast price for this summer is lower than the 2015 summer average of $2.63/gal, but higher than the forecast from the April 2016Short-Term Energy and Summer Fuels Outlook. The change in the forecast since April is largely attributable to increases in crude oil prices.
